Please answer asap! UPVOTE will be given! No long explanation needed. Excel can be used. BFAR Corp. has the following account balances as of December 31, 2021:9% Preference Share Capital, cumulative, P100 parOrdinary Share Capital, P50 parAccumulated Profits - Appropriated, Jan 1Accumulated Profits - Unappropriated, Jan 1Net Loss for 2021Share Premium - Donated Shares - OrdinaryShare Premium - PreferenceShare Premium - Treasury Shares - OrdinarySubscribed Share Capital - PreferenceSubscription Receivable - PreferenceTreasury Shares - Ordinary (at cost: 500 shares)P1,000,0002,000,000800,0001,500,000874,0007,400105,0002,500200,000121,00010,000How much is the total shareholders' equity on December 31, 2021?

Shareholder's Equity is composed of: 1. The paid-in capital, as well as the common and preferred…

Answered: Please answer asap! UPVOTE will be…

Business

Accounting

Please answer asap! UPVOTE will be given! No long explanation needed. Excel can be used.

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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Question

100%

Please answer asap! UPVOTE will be given! No long explanation needed. Excel can be used.

BFAR Corp. has the following account balances as of December 31, 2021:
9% Preference Share Capital, cumulative, P100 par
Ordinary Share Capital, P50 par
Accumulated Profits - Appropriated, Jan 1
Accumulated Profits - Unappropriated, Jan 1
Net Loss for 2021
Share Premium - Donated Shares - Ordinary
Share Premium - Preference
Share Premium - Treasury Shares - Ordinary
Subscribed Share Capital - Preference
Subscription Receivable - Preference
Treasury Shares - Ordinary (at cost: 500 shares)
P1,000,000
2,000,000
800,000
1,500,000
874,000
7,400
105,000
2,500
200,000
121,000
10,000
How much is the total shareholders' equity on December 31, 2021?

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