The shareholder's equity of Cecille Corp. revealed the following on June 30, 2014: Preference share, P100 par value P230,000 Preference share premium 80,500 Ordinary share, P15 par value 525,000 Ordinary share premium 275,000 Ordinary share subscribed 5,000 Retained earnings 190,000 Notes payable 400,000 Subscription receivable ordinary - 40,000 1 How much is the legal capital?

The shareholder's equity of Cecille Corp. revealed the following on June 30, 2014: Preference share, P100 par value P230,000 Preference share premium 80,500 Ordinary share, P15 par value 525,000 Ordinary share premium 275,000 Ordinary share subscribed 5,000 Retained earnings 190,000 Notes payable 400,000 Subscription receivable ordinary - 40,000 1 How much is the legal capital?

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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