Reference no: EM132558052
An examination of the ledger of LMN Corporation revealed the following balances of the current year.
Ordinary Share Capital, 50,000 shares authorized at par value of 100,
25,000 shares issued of which, 1,000 shares are in the Treasury.... ......................................................1,500,000
Ordinary Share Premium............................................................ 500,000
Appropriation reserve for Treasury shares.................................... 80,000
Retained Earnings....................................................................750,000
Treasury shares at cost, 1,000 shares....................................80,000
The following transactions occurred during the year:
Jan. 5 Subscribed 5,000 ordinary shares for P110.00 per share, with 40% down payment.
Jan. 10 Declared 25% stock dividends on the shares outstanding to stockholders on record as of Mar 12. The dividends will be distributed on Mar. 15, the fair market value on date was 115.
Required: Compute for the following:
Question 1. After considering Jan. 5 transaction only How much is the revised total stockholders equity
Question 2. After considering Jan. 10 transaction only, How much is the revised total stockholders equity?
Question 3. Considering all transactions, How much is the revised total stockholders equity?
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