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The following accounts are found in the trial balance of HUSKY Inc. at December 31, 2020. Preference Share Capital, P100 par, 40,000 shares authorized; 10,000 shares issued Ordinary Share Capital, P10 stated value, 200,000 shares authorized; 55,000 shares issued Subscribed Preference Share         P400,000 Subscribed Ordinary Share   160,000 Additional Paid-in Capital – Preference       120,000 Additional Paid-in Capital – Ordinary         84,000   What is the total legal capital of HUSKY Inc. as of December 31, 2020? Group of answer choices P2,314,000 P2,230,000 P2,110,000 P2,194,000

The following accounts are found in the trial balance of HUSKY Inc. at December 31, 2020. Preference Share Capital, P100 par, 40,000 shares authorized; 10,000 shares issued Ordinary Share Capital, P10 stated value, 200,000 shares authorized; 55,000 shares issued Subscribed Preference Share         P400,000 Subscribed Ordinary Share   160,000 Additional Paid-in Capital – Preference       120,000 Additional Paid-in Capital – Ordinary         84,000   What is the total legal capital of HUSKY Inc. as of December 31, 2020? Group of answer choices P2,314,000 P2,230,000 P2,110,000 P2,194,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following accounts are found in the trial balance of HUSKY Inc. at December 31, 2020.

Preference Share Capital, P100 par, 40,000 shares authorized; 10,000 shares issued

Ordinary Share Capital, P10 stated value, 200,000 shares authorized; 55,000 shares issued

Subscribed Preference Share         P400,000

Subscribed Ordinary Share   160,000

Additional Paid-in Capital – Preference       120,000

Additional Paid-in Capital – Ordinary         84,000

 

What is the total legal capital of HUSKY Inc. as of December 31, 2020?

Group of answer choices
P2,314,000
P2,230,000
P2,110,000
P2,194,000
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