Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please answer asap for like or upvote !!!!!!!!!! b

PLEASE ANSWER ASAP FOR LIKE OR UPVOTE !!!!!!!!!! Below are the accounts shown in the...

90.2K

Verified Solution

Question

Accounting

PLEASE ANSWER ASAP FOR LIKE OR UPVOTE !!!!!!!!!!

Below are the accounts shown in the December 31, 2020 trial balance of ABC Corporation:

Preference shares, P50 par, 100,000 authorized, 40,000 shares issued

Ordinary shares, P100 par, 200,000 authorized, 50,000 shares issued

Subscribed preference share, 20,000 shares

Subscribed ordinary shares, 20,000 shares

Subscription receivable, preference due March 31, 2021, P180,000

Subscription receivable, ordinary due June 1, 2021, P260,000

Treasury stock, preference, 10,000 shares reacquired at P86

Share premium - Ordinary shares, P1,500,000

Share premium - Preference shares, P2,100,000

Share premium from Treasury, P400,000

Donated Capital, P600,000

Ordinary share warrants outstanding, P300,000

Ordinary share options outstanding, P200,000

Accumulated Profits, P3,100,000

Revaluation Surplus, P1,500,000

Reserve for plant expansion, P1,200,000

Unrealized Gain on financial asset at FMV through OCI/L, P200,000

How Much is the Total additional paid in capital of ABC Corporation?

a. 4,900,000 b. 5,300,000 c. 6,300,000 d. 5,100,000

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

Accounting
1.2K views

Your clients, Adam and Amy Accrual, have a 21-year-old daughternamed April. April is single...

Mechanical Engineering
1.2K views

Saturated steam condenses at the surface of a 200 mm pipe with the length of 2...

Biology
1.2K views

Use the FOIL method to determine the genes for the gametes that would goon the...

Physics
1.2K views

All changes saved 11 A radiating body has a Kelvin temperature To and its surroundings...

Geometry
1.2K views

6 in 3 in 5 20 yd 16 yd 6 16 in 17 in

Calculus
1.2K views

rectangular fish tank is 70 cm long 50 cm w a How many cubic centimeters...

Algebra
1.2K views

a Determine the two consecutive whole numbers that the square root 22 is between b...

Accounting
1.2K views

The course is Accounting theory. What are the major disciplines that have influenced the...

Accounting
1.2K views

Suppose you are required to analyse the financing cash flows for UQ solar farm in...

Accounting
1.2K views

Check my work Problem 16-19 Using net present value and internal rate of return to...

Accounting
1.2K views

Identify a company ( i.e Microsoft) that you are familiar with and provide an example...

Finance
1.2K views

Question #3 please. I have no idea what they mean by average rate of return...