Anthor Corporation was incorporated on January 1, 2019 with the following authorized capitalization: • 40,000 shares of Ordinary Share capital, P 40 stated value; • 10,000 shares of 5% cumulative Preference Share capital, P 10 par value. During 2019, Anthor issued 24,000 shares of Ordinary share capital for a total of P 1,200,000 and 6,000 shares of Preference share capital at P 16 per share. In addition, on Dec. 20, 2019, subscriptions for 2,000 shares of Preference share capital were taken at a subscription price of P 17. These subscribed shares were paid for on January 2, 2020. How much is the total contributed capital of Anthor Corporation to be shown on its Dec. 31, 2019 Statement of Financial Position?
Anthor Corporation was incorporated on January 1, 2019 with the following authorized capitalization: • 40,000 shares of Ordinary Share capital, P 40 stated value; • 10,000 shares of 5% cumulative
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