FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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How much is the total shareholder's equity if all subscription receivables are due in year 2022 a. 12,400,000 b. 11,780,000 C. 11,040,000 d. 13,140,000
The accounts shown below appear in the December 31, 2020 trial balance of Hollow Corporation:
Preference share, authorized, P50 par
P10,000,000
Unissued preference share
3,600,000
Ordinary share, authorized, P20 par
4,000,000
Unissued ordinary share
2,000,000
Subscription receivable, preference share
380,000
Subscription receivable, ordinary share
360,000
Subscribed preference share
600,000
Subscribed ordinary share
440,000
Treasury share, preference, at cost
1,360,000
Share premium
1,700,000
Accumulated profits and losses
2,000,000
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Transcribed Image Text:The accounts shown below appear in the December 31, 2020 trial balance of Hollow Corporation: Preference share, authorized, P50 par P10,000,000 Unissued preference share 3,600,000 Ordinary share, authorized, P20 par 4,000,000 Unissued ordinary share 2,000,000 Subscription receivable, preference share 380,000 Subscription receivable, ordinary share 360,000 Subscribed preference share 600,000 Subscribed ordinary share 440,000 Treasury share, preference, at cost 1,360,000 Share premium 1,700,000 Accumulated profits and losses 2,000,000
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