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How much did the total shareholders equity change as result

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Reference no: EM132762260

The Corporation had the following classes of shares outstanding as of December 31, 20x5:

Ordinary shares, P 20 par value, 20,000 shares outstanding
Preference shares, 8 percent, P 100 par value, cumulative and fully participating , 2000 shares outstanding

  • NO dividends were paid on preference shares for the year 20x3 and 20x4. On December 31, 20x5, a total of P200,000 cash dividend was declared.

Problem 1: How much did the total shareholders' equity change as a result of the transactions above?

Reference no: EM132762260

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