BFAR Corp. has the following account balances as of December 31, 2021:9% Preference Share Capital, cumulative, P100 parOrdinary Share Capital, 50 parAccumulated Profits - Appropriated, Jan 1Accumulated Profits - Unappropriated, Jan 1Net Loss for 2021Share Premium Donated Shares - Ordinary-Share Premium - PreferenceShare Premium - Treasury Shares - OrdinarySubscribed Share Capital - PreferenceSubscription Receivable - PreferenceTreasury Shares - Ordinary (at cost: 500 shares)P1,000,0002,000,000800,0001,500,000776,0007,400105,0002,500200,000123,00010,000How much is the total shareholders' equity on December 31, 2021?

The Shareholders' Equity is consist of the net worth of the companies, and it also refers to the…

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Business

Accounting

How much is the total shareholders' equity on December 31, 2021?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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