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What spurs should report total shareholders equity at

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Reference no: EM132945427

The accounts below appear in the December 31, 2020 trial balance of Spurs Corporation:

Authorized Share Capital P 5,000,000
Unissued Share Capital 2,000,000
Subscribed Share Capital 1,000,000
Subscription Receivable-due 2018 400,000
Property Dividends Payable 800,000
Share Premium 500,000
Retained Earnings-unappropriated 600,000
Retained Earnings-appropriated 300,000
Treasury Shares-at cost 100,000

Problem 1: In its December 31, 2020 Statement of Financial Position, Spurs should report total Shareholders' Equity at

Reference no: EM132945427

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