BFAR Corp. has the following information in its shareholders' equity: . Preference Share Capital, P100 par value: P2,000,000 . Share Premium - Preference: P100,000 • Share Dividend Distributable - Preference: P350,000 Ordinary Share Capital, P10 par: P50,000 • Share Premium - Ordinary: $40,000 . Subscribed Share Capital - Ordinary: P150,000 . Subscriptions Receivable - Ordinary: P23,000 . Accumulated Profits: P300,000 How much is the legal capital? .

BFAR Corp. has the following information in its shareholders' equity: . Preference Share Capital, P100 par value: P2,000,000 . Share Premium - Preference: P100,000 • Share Dividend Distributable - Preference: P350,000 Ordinary Share Capital, P10 par: P50,000 • Share Premium - Ordinary: $40,000 . Subscribed Share Capital - Ordinary: P150,000 . Subscriptions Receivable - Ordinary: P23,000 . Accumulated Profits: P300,000 How much is the legal capital? .

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter14: Distributions To Shareholders: Dividends And Repurchases

Section: Chapter Questions

Problem 2STP

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