On April 1, 2XX1, Globe Corporation, a newly formed company, had the following share capital issued and outstanding: Ordinary Share Capital, no par, P10 stated value, 20,000 shares originally issued for P30 per share Preference Share Capital, P100 par, 600 shares originally issued for P500 per share What are the amounts of Ordinary Share Capital, Preference Share Capital and Additional Paid in Capital, respectively, that Globe Corporation should report in its April 1, 2XX1 Statement of Shareholders' Equity? Ordinary share capital: Preference share capital: Additional paid in capital:

On April 1, 2XX1, Globe Corporation, a newly formed company, had the following share capital issued and outstanding: Ordinary Share Capital, no par, P10 stated value, 20,000 shares originally issued for P30 per share Preference Share Capital, P100 par, 600 shares originally issued for P500 per share What are the amounts of Ordinary Share Capital, Preference Share Capital and Additional Paid in Capital, respectively, that Globe Corporation should report in its April 1, 2XX1 Statement of Shareholders' Equity? Ordinary share capital: Preference share capital: Additional paid in capital:

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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