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How much is the total shareholder equity as of December

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Reference no: EM132894727

Question - The Blazing Red Corporation is authorized to issue 100,000 P10 par value ordinary shares and 30,000 P 100 par preference shares. The corporation engaged in the following share capital transactions through December 31, 2019:

- 30,000 ordinary shares were issued for P 350,000 and 12,000 preference shares for an equipment valued at P 1,475,000.

- Subscriptions for 4,500 ordinary shares have been taken and 40% of the subscription price of P 16 per share has been collected. The shares will be issued upon collection of the subscription price in full.

- The retained earnings balance on December 31,2019 is P 350,000.

Required -

-How much is the Preference Share Capital as of December 31, 2019?

-How much is the total shareholder's equity as of December 31, 2019?

-How much is the total additional paid in capital as of December 31, 2019?

-How much is the Legal Capital as of December 31, 2019?

-How much is the total contributed capital as of December 31, 2019?

-How much is the Ordinary Share Capital as of December 31, 2019?

Reference no: EM132894727

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