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12. The accounts were taken from the ledger of Abante Pinoy Corporation as of December 31,2019,: 18% Preference Share Capital, par value of P100 authorized 10,000 shares, issued and outstanding 8,000 shares Ordinary Share Capital, no par authorized 25,000 shares stated value of P100, issued 15,000 shares of which 1,000 shares are in P 800,000 1,500,000 the treasury Subscribed Preference Share Capital Subscribed Ordinary Share Capital Subscription Receivable – Preference Share Capital Subscription Receivable – Ordinary Share Capital Preference Share Premium Ordinary Share Premium Donated Capital - Land Treasury Shares (at cost) 1,000 ordinary shares Retained Earnings Appropriation Reserve for Treasury Shares 100,000 50,000 40,000 20,000 10,000 15,000 75,000 120,000 45,000 120,000 Direction: Prepare in good form the shareholders' equity section of the corporation.

12. The accounts were taken from the ledger of Abante Pinoy Corporation as of December 31,2019,: 18% Preference Share Capital, par value of P100 authorized 10,000 shares, issued and outstanding 8,000 shares Ordinary Share Capital, no par authorized 25,000 shares stated value of P100, issued 15,000 shares of which 1,000 shares are in P 800,000 1,500,000 the treasury Subscribed Preference Share Capital Subscribed Ordinary Share Capital Subscription Receivable – Preference Share Capital Subscription Receivable – Ordinary Share Capital Preference Share Premium Ordinary Share Premium Donated Capital - Land Treasury Shares (at cost) 1,000 ordinary shares Retained Earnings Appropriation Reserve for Treasury Shares 100,000 50,000 40,000 20,000 10,000 15,000 75,000 120,000 45,000 120,000 Direction: Prepare in good form the shareholders' equity section of the corporation.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 5MC: Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of 10 par...
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The accounts were taken from the ledger of Abante Pinoy Corporation as of December 31, 2019.

(see attached image, kindly answer it based on your knowledge, thank you!)

Direction: Prepare in good form the shareholders' equity section of the corporation.

Identify the amount of the ff:

  • Paid in Capital from Preferred Shares
  • Paid in Capital from Common Shares
  • Total Additional Paid In Capital (APIC)
  • Total Retained Earnings
  • Total Stockholder's Equity
12. The accounts were taken from the ledger of Abante Pinoy Corporation as of December 31,2019,: 18% Preference Share Capital, par value of P100 authorized 10,000 shares, issued and outstanding 8,000 shares Ordinary Share Capital, no par authorized 25,000 shares stated value of P100, issued 15,000 shares of which 1,000 shares are in P 800,000 1,500,000 the treasury Subscribed Preference Share Capital Subscribed Ordinary Share Capital Subscription Receivable – Preference Share Capital Subscription Receivable – Ordinary Share Capital Preference Share Premium Ordinary Share Premium Donated Capital - Land Treasury Shares (at cost) 1,000 ordinary shares Retained Earnings Appropriation Reserve for Treasury Shares 100,000 50,000 40,000 20,000 10,000 15,000 75,000 120,000 45,000 120,000 Direction: Prepare in good form the shareholders' equity section of the corporation.
Transcribed Image Text:12. The accounts were taken from the ledger of Abante Pinoy Corporation as of December 31,2019,: 18% Preference Share Capital, par value of P100 authorized 10,000 shares, issued and outstanding 8,000 shares Ordinary Share Capital, no par authorized 25,000 shares stated value of P100, issued 15,000 shares of which 1,000 shares are in P 800,000 1,500,000 the treasury Subscribed Preference Share Capital Subscribed Ordinary Share Capital Subscription Receivable – Preference Share Capital Subscription Receivable – Ordinary Share Capital Preference Share Premium Ordinary Share Premium Donated Capital - Land Treasury Shares (at cost) 1,000 ordinary shares Retained Earnings Appropriation Reserve for Treasury Shares 100,000 50,000 40,000 20,000 10,000 15,000 75,000 120,000 45,000 120,000 Direction: Prepare in good form the shareholders' equity section of the corporation.
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