The shareholder’s equity section of FED, Inc. contains the following: Preference share capital of P100 par, 15,000 shares - P1,500,000 Preference share premium - P750,000 Ordinary share capital of P20 par, 50,000 shares - P1,000,000 Ordinary share premium - P250,000 Retained Earnings P800,000 1,000 preference shares was reacquired by the company and retired for P200 per share. How much is the total shareholder’s equity after the retirement?
The shareholder’s equity section of FED, Inc. contains the following: Preference share capital of P100 par, 15,000 shares - P1,500,000 Preference share premium - P750,000 Ordinary share capital of P20 par, 50,000 shares - P1,000,000 Ordinary share premium - P250,000 Retained Earnings P800,000 1,000 preference shares was reacquired by the company and retired for P200 per share. How much is the total shareholder’s equity after the retirement?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The shareholder’s equity section of FED, Inc. contains the following:
Preference share capital of P100 par, 15,000 shares - P1,500,000
Preference share premium - P750,000
Ordinary share capital of P20 par, 50,000 shares - P1,000,000
Ordinary share premium - P250,000
Retained Earnings P800,000
1,000
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