Relay Company provided the following data at year-end: Authorized share capital P 5,000,000 Unissued share capital 2,000,000 Subscribed share capital 1,000,000 Subscription receivable 400,000 Share premium 500,000 Retained earnings, unappropriated 600,000 Retained earnings, appropriated 500,000 Treasury shares, at cost 100,000 What total amount should be reported as shareholders' equity?

Relay Company provided the following data at year-end: Authorized share capital P 5,000,000 Unissued share capital 2,000,000 Subscribed share capital 1,000,000 Subscription receivable 400,000 Share premium 500,000 Retained earnings, unappropriated 600,000 Retained earnings, appropriated 500,000 Treasury shares, at cost 100,000 What total amount should be reported as shareholders' 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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