Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. manila corporation showed the following informatio

Manila Corporation showed the following information as of December 31, 2020 ACCOUNT AMOUNT Preference shares,...

60.1K

Verified Solution

Question

Accounting

image

Manila Corporation showed the following information as of December 31, 2020 ACCOUNT AMOUNT Preference shares, P 25 par P 255,000.00 Ordinary shares, P10 par 185,000.00 Subscribed Preference Share Capital 41.250.00 Subscription Receivable - Preference 14,840.00 Share Dividends Distributable - Ordinary 22,550.00 Share Premium - Ordinary Shares 35,000.00 Share Premium - Preference Shares 25,700.00 Treasury Shares - Preference (P15 per share) 14,400.00 Retained Earnings 1,750,000.00 Compute for the following: 1. Total share capital 2. Total contributed capital - 3. Total shareholders' equity

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

You are interested in understanding whether mentally ill offenders are better able to avoid re-arrest if...

Geometry
1.2K views

For the following 2D system, a) find fixed points, b) linearize the system, c) classify...

Basic Math
1.2K views

What is the volume of a sphere with a diameter of 49.3 cm, rounded to...

Basic Math
1.2K views

Solve the compound inequality.-5x? - 10 or 2x-222 - 12Select the correct choice below and,...

Basic Math
1.2K views

Suppose you have a bag of 10 marbles that includes 4 red marbles. Create a...

Calculus
1.2K views

if f 5 7 g 5 2 f 5 8 and g 5 5 find...

Algebra
1.2K views

a20 7 d 3 The 19th term of the Simplify your answe

Accounting
1.2K views

Libre, Incorporated has experienced bad debt losses of 5% of credit sales in prior periods....

Accounting
1.2K views

HW #7 Bell, Biv, and Devoe Company had the following activities, estimated...

Finance
1.2K views

2 Question 2 (2 points) Listen Rebecca would like to purchase a stock on...

Accounting
1.2K views

1. Determine Izzy's break-even point in units and sales dollars. 2. Determine how many sundaes...

Finance
1.2K views

Baresse Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) ...