The shareholders' equity section of Tata Company revealed the following information on December 31, 20x1: Share premium on preference shares 600,000
The shareholders' equity section of Tata Company revealed the following information on December 31, 20x1:
Share premium on preference shares 600,000
Estimated premiums payable 400,000
Authorized preference shares at P50 par value 3,200,000
Treasury shares - ordinary shares (10,000 shares) 300,000
Subscribed preference shares 240,000
Authorized ordinary shares at P10 stated value 4,800,000
Share premium conversion option - bonds payable 160,000
Gain on sale of treasury shares 240,000
Unrealized increase in value of FVTOCI securities 40,000
Ordinary share warrants outstanding 140,000
Unissued ordinary shares 2,600,000
Unissued preference shares 600,000
Cash dividends payable -
Donated capital 160,000
Reserve for depreciation 400,000
Revaluation surplus 520,000
Reserve for bond sinking fund 1,280,000
Ordinary share options outstanding 100,000
Bonds payable 4,000,000
Subscribed ordinary shares 800,000
Long-term investments in equity securities 1,600,000
Share premium on ordinary shares 1,200,000
Premium on bonds payable 400,000
REQUIRED:
Based on the above data, compute the following:
1. Ordinary shares issued ______________
2. Preference shares issued ______________
3. Share premium ______________
4. Contributed capital ______________
5. Legal capital ______________
6. Total shareholders’ equity ______________
Step by step
Solved in 4 steps
