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What is the amount to increase the legal reserve

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Reference no: EM132618710

1. Profit for the fiscal year 20XX is transferred to report it as from previous fiscal years.

2. Accumulated losses are amortized.

3. The legal reserve is increased.

4. The partners decide to make a cash contribution for future capital increases in the amount of $ 100,000.

5. 1,500 shares are placed among new investors, premium $ 30 per share. Payroll value per share $ 100

6. Cash dividends of $ 50,000 are distributed.

7. Dividends are distributed in shares for $ 75,000.

8. The 20XY profit is recorded for $ 81,500.

Based on the above, answer the following:

Problem a. What is the amount to increase the legal reserve?

Problem b. How much is the premium for the sale of shares?

Problem c. What is the amount available for the payment of dividends?

Problem d. How much will be left as a remainder pending distribution?

Reference no: EM132618710

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