follows: Isaac Esau Share capital, P100 par 5or shres Share premium (APIC) Retained earnings P15,000,000 2,000,000 6,000,000 P8,000,000 4,000,000 3,000,000 HAPTER 1: BUSINESS COMBINATION Page 55 On July 2, 2020, Isaac issued 120,000 of its shares with a market value of P120 per share for the assets and liabilities of Esau, and Esau was dissolved. On the same day, Isaac paid P50,000 for professional fees for arranging the combination andP 100,000 for SEC registration of equity securities. After the combination, what is the total shareholders' equity of Isaac Corporation? D20 0 0000

follows: Isaac Esau Share capital, P100 par 5or shres Share premium (APIC) Retained earnings P15,000,000 2,000,000 6,000,000 P8,000,000 4,000,000 3,000,000 HAPTER 1: BUSINESS COMBINATION Page 55 On July 2, 2020, Isaac issued 120,000 of its shares with a market value of P120 per share for the assets and liabilities of Esau, and Esau was dissolved. On the same day, Isaac paid P50,000 for professional fees for arranging the combination andP 100,000 for SEC registration of equity securities. After the combination, what is the total shareholders' equity of Isaac Corporation? D20 0 0000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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