The following appear on the deficiency statement: Estimated losses on realization of assets P25,000 Additional liabilities 12,000 Estimated gains on realization of assets 18,000 Additional assets 16,000 Stockholder's Equity: Capital stock 150,000 Deficit 140,000 How much is the estimated amount to be paid to stockholders, if any?
The following appear on the deficiency statement: Estimated losses on realization of assets P25,000 Additional liabilities 12,000 Estimated gains on realization of assets 18,000 Additional assets 16,000 Stockholder's Equity: Capital stock 150,000 Deficit 140,000 How much is the estimated amount to be paid to stockholders, if any?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following appear on the deficiency statement:
Estimated losses on realization
of assets
P25,000
Additional liabilities
12,000
Estimated gains on realization
of assets
18,000
Additional assets
16,000
Stockholder's Equity:
Capital stock
150,000
Deficit
140,000
How much is the estimated amount to be paid to stockholders, if any?
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