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How much is the legal capital

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Reference no: EM132940563

Problem - MMA Corporation showed the following shareholders' equity at year end:

Preference Share Capital, P100 par P2,300,000

Share Premium- Preference 805,000

Ordinary Share capital, P15 par 5,250,000

Share Premium 2,750,000

Subscribed Ordinary Share Capital 500,000

Retained Earnings 1.900,000

Subscriptions Receivable-Ordinary 400.000

Required - How much is the legal capital?

Reference no: EM132940563

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