GMA Corp. has the following information in its shareholders’ equity: Ordinary Share Capital, ₱100 par value: ₱1,000,000 Subscribed Share Capital – Ordinary: ₱200,000 Subscriptions Receivable – Ordinary: ₱56,000 Share Premium – Ordinary: ₱32,000 Treasury Shares – Ordinary: ₱10,000 Accumulated Profits: ₱150,000 How much is the contributed capital?

GMA Corp. has the following information in its shareholders’ equity: Ordinary Share Capital, ₱100 par value: ₱1,000,000 Subscribed Share Capital – Ordinary: ₱200,000 Subscriptions Receivable – Ordinary: ₱56,000 Share Premium – Ordinary: ₱32,000 Treasury Shares – Ordinary: ₱10,000 Accumulated Profits: ₱150,000 How much is the contributed capital?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter23: Corporate Restructuring

Section: Chapter Questions

Problem 12P

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