IV. The following data were taken H&D Company: Beginning capital balances: Ordinary share capital, December 31, 2011 Accumulated profits P2,000,000 1,100,000 Transactions occurred during the year: Dividends declared during the year Current year income Ordinary shares issuance, 20,000 shares, par 100 Share premium P 100,000 480,000 2,000,000 400,000 Required: Compute for the ending balance of the shareholder's equity.

IV. The following data were taken H&D Company: Beginning capital balances: Ordinary share capital, December 31, 2011 Accumulated profits P2,000,000 1,100,000 Transactions occurred during the year: Dividends declared during the year Current year income Ordinary shares issuance, 20,000 shares, par 100 Share premium P 100,000 480,000 2,000,000 400,000 Required: Compute for the ending balance of the shareholder's equity.

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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