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Find what amount that should remain untouched

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Reference no: EM132600342

The stockholders equity of Tacloban Bus,Inc showed the following balances on December 31 2006.

10% Cumulative preferred at par value 100          400,000

Common Stock at par value, P50.00                   700,000

Additional paid in capital Common                     50,000

Retained Earnings free                                 1,850,000

Treasury Stock                                             150,000

Question 1: How much was the legal capital of the corporation?

Question 2: How much was the total stockholders equity balance as at december 31 2006?

Question 3: Under the trust fund doctrine, what amount that should remain untouched or untouched or unimpaired for the protection or corporate creditors?

Reference no: EM132600342

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