How much is the total shareholder's equity if all subscription receivables are due in year 2022 a. 12,400,000 b. 11,780,000 C. 11,040,000 d. 13,140,000
How much is the total shareholder's equity if all subscription receivables are due in year 2022 a. 12,400,000 b. 11,780,000 C. 11,040,000 d. 13,140,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
How much is the total shareholder's equity if all subscription receivables are due in year 2022
a. 12,400,000
b. 11,780,000
C. 11,040,000
d. 13,140,000

Transcribed Image Text:The accounts shown below appear in the December 31, 2020 trial balance of Hollow Corporation:
Preference share, authorized, P50 par
P10,000,000
Unissued preference share
3,600,000
Ordinary share, authorized, P20 par
4,000,000
Unissued ordinary share
2,000,000
Subscription receivable, preference share
380,000
Subscription receivable, ordinary share
360,000
Subscribed preference share
600,000
Subscribed ordinary share
440,000
Treasury share, preference, at cost
1,360,000
Share premium
1,700,000
Accumulated profits and losses
2,000,000
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