Solution-What effect on the total additional paid in

What effect on the total additional paid in capital would be

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Reference no: EM132941822

The shareholders' equity of Gorgeous Inc., contain the following:

Ordinary Share Capital, P 30 par, 25,000 shares;

Ordinary Share Premium, P 87,500 and

Retained Earnings of P 150,000.

At the end of the year, the original issue of Ordinary Share of P 30 par was replaced by P 30 stated value.

Problem 1: As a result, the effect on the total Additional Paid In Capital would be

Reference no: EM132941822

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What effect on the total additional paid in capital would be

Reference no: EM132941822

Reference no: EM132941822

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