HOW MUCH IS THE TOTAL SHAREHOLDERS EQUITY OF RED CORPORATION? 5. How much is the total shareholders' equity of REDCorporation?*RED Corporation provided the following account balances on December 31, 2021:Preference share, authorized, P50 par – P10,000,000; Unissued preference share – P3,600,000; Ordinaryshare, authorized, P20 par – P4,000,000; Unissued ordinary share - P2,000,000; Subscription receivable,preference share - P380,000; Subscription receivable, ordinary share - P360,000; Subscribed preferenceshare - P600,000; Subscribed ordinary share - P440,000; Treasury share, preference at cost - P1,360,000;Share premium - P1,700,000; Accumulated profits and losses - P2,000,000. All subscriptions receivablesare due in year 2022.

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HOW MUCH IS THE TOTAL SHAREHOLDERS EQUITY OF RED CORPORATION?

Intermediate Accounting: Reporting And Analysis

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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

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Problem 4MC: Effective May 1, the shareholders of Baltimore Corporation approved a 2-for-1 split of the companys...

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