The capital structure of Park Do Ha Company on December 31, 2019 follows: 12% Preference share capital, P200 par, 15,000 shares issued and outstanding Ordinary share capital, P30 par, 250,000 shares issued and outstanding Share premium - preference Share premium - ordinary Retained earnings P3,000,000 7,500,000 900,000 750,000 2,100,000 The following selected transactions relating to shareholders' equity were noted in 2020: a. Purchased and retired 2,000 preference shares at P280 each. b. Purchased 30,000 of its own ordinary shares at P35 per share. G. Reissued 5,000 treasury shares at P38 each. d. Shareholders donated to the company 20,000 ordinary shares when the market price is P36 per share. e. One half of the donated shares were issued for P39 each. f. Profit for 2020 was P1,850,000. g. The board of directors declared and paid the regular annual dividend on the preference share and P1.50 per ordinary share dividend. How much is the total shareholders' equity on December 31, 2020? C. P14,453,500 A. P14,250,000 B. P14,435,500 D. P14,500,000

The capital structure of Park Do Ha Company on December 31, 2019 follows: 12% Preference share capital, P200 par, 15,000 shares issued and outstanding Ordinary share capital, P30 par, 250,000 shares issued and outstanding Share premium - preference Share premium - ordinary Retained earnings P3,000,000 7,500,000 900,000 750,000 2,100,000 The following selected transactions relating to shareholders' equity were noted in 2020: a. Purchased and retired 2,000 preference shares at P280 each. b. Purchased 30,000 of its own ordinary shares at P35 per share. G. Reissued 5,000 treasury shares at P38 each. d. Shareholders donated to the company 20,000 ordinary shares when the market price is P36 per share. e. One half of the donated shares were issued for P39 each. f. Profit for 2020 was P1,850,000. g. The board of directors declared and paid the regular annual dividend on the preference share and P1.50 per ordinary share dividend. How much is the total shareholders' equity on December 31, 2020? C. P14,453,500 A. P14,250,000 B. P14,435,500 D. P14,500,000

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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