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How much is the contributed capital at year-end

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Question - Compute and solve - The related data of Panama Company:                                                                                  

The par value is P12.50. The authorized number of shares is 50,000.    

Issued shares of 12,500 for cash at P18 per share.                                     

Net income for the period is P785,300.

Declared and issued 10% share dividends when the market value of each share is P21.75.

Required - How much is the contributed capital at year-end?

Reference no: EM133111684

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