P5,000,000 Unissued ordinary share capital                                 2,000,000 Subscribed ordinary share capital                              1,000,000                      Subscription Receivable

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 4MC
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The accounts below appear in the December 31, 2019 balance of J Company:

Authorized ordinary share capital                             P5,000,000

Unissued ordinary share capital                                 2,000,000

Subscribed ordinary share capital                              1,000,000                     

Subscription Receivable                                                400,000

Share Premium                                                              500,000

Retained Earnings                                                       1,100,000

Treasury ShareCost                                                     100,000

In its December 31, 2019 balance sheet, J Company should record a total shareholder’s equity of

a.P5,500,000              
b.P4,900,000           
c.P5,100,000                  
d.P4,800,000
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