INDIGO Corporation provided the following shareholders' equity accounts. What is the amount of legal capital? *PLEASE SHOW HOW TO GET THIS ANSWER ₱ 8,981,000 Ordinary share capital, P15 parShare premium – ordinary sharesPreference share capital, P100 no parShare premium – preference sharesSubscribed ordinary share capitalSubscriptions receivable - ordinary shares, collectible currentlyRetained earningsRevaluation surplus4,875,0001,462,5003,200,000256,000650,000210,5002,350,000420,000

Legal capital means total par value of ordinary shares issued by the company and the preference…

Answered: Ordinary share capital, P15 par Share…

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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ESPAÑOL INGLÉS FRANCÉS ABC Corporation has an investment of 4,000,000 shares in XYZ Corporation. On December 31, 2021, ABC distributes, to its shareholders, the shares of XYZ in the form of a dividend. This dividend must be recorded in ABC's books for to. the market value of XYZ stock. b. the market value of ABC shares. С. the book value of XYZ stock. Enviar come MacBook Air

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