The shareholders' equity section of the statement of financial position of ABC Co. contair following: Ordinary share capital, P10 par, 5,000,000 shares P30,000,000 Ordinary share premium 3,000,000 10% Preference share capital, P70 par, 500.000 shares 10,500,000 Preference shares premium 6,000,000 Retained Earnings 7,500,000 On November 15, 2022 55.000 preference shares were converted to 8 ordinary shares per
The shareholders' equity section of the statement of financial position of ABC Co. contair following: Ordinary share capital, P10 par, 5,000,000 shares P30,000,000 Ordinary share premium 3,000,000 10% Preference share capital, P70 par, 500.000 shares 10,500,000 Preference shares premium 6,000,000 Retained Earnings 7,500,000 On November 15, 2022 55.000 preference shares were converted to 8 ordinary shares per
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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