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What is the amount of shareholders equity on december

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Reference no: EM132875651

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Q1. The accounts shown below appear in the December 31, 2020 trial balance of Lee Jong Suk Company.

Preference share capital authorized, P100 par - 5M

Ordinary share capital authorized, P10 par - 2M

Unissued preference share capital - 1.8M

Unissued ordinary share capital - 1M

Subscriptions rec, ordinary - 180K

Subscriptions rec, preference - 190K

Preference share cap subscribed - 300K

Ordinary share cap subscribed - 220K

Treasury preference shares (700 shares at cost) - 680K

Share premium - 850k

Retained Earnings - 2M

Required - What is the amount of shareholders equity on December 31, 2020?

Q2. SHK Company records included the following shareholders equity accounts:

Preference share capi, par value P15, authorized 200K shares - 2,550,000

Share premium - preference - 150K

Ordinary share capitsl, no par, P50 stated value, 100K shares authorized - 3M

In SHK's statement of shareholders equity, the number of issued and outstanding shares for each class of stock is?

Q3. The adjusted trial balance of SM company at Dec. 31, 2020 includes the following accounts:

Share capital - 15M

Share premium - 5M

Treasury share, at cost - 2M

Unrealized loss on financial asset at FVOCI - 1M

Retained earnings unappropriated - 6M

Retained earnings appropriated - 3M

Revaluation surplus - 4M

What amount should be reported at total sahreholders equity?

Q4. The share holders equity section of Myeong Company revealed the following information on Dec 31, 2020

Preference share capital, P100 par - 2.3M

Share premium, P5 - 805k

Ordinary share cap, P15 par - 5,250,000

Share premium - 2,750,000

Subscribed ordinary share cap - 500k

Retained earnings - 1.9M

Notes payable - 4M

Subscription rec, ordinary - 400K

How much is the legal capital?

Q5. KSR Company provided the following info on Dec 31, 2020

Share capital - 5M

Subscribed share cap - 3M

Subscription rec - 2M

Share premium - 1.5M

Treasury shares, at cost - 700K

Retained earnings - 1M

Cumulative unrealized gain on financial asset at FVOCI - 600K

What is the contributed capital on Dec. 31, 2020?

Reference no: EM132875651

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