shareholders' equity section of Monica Avilado Company revealed the following information on December 31, 20i8:Share Premium on preferred shares P 150,000Premium on bonds payable 100,000Share premium conversion option-bonds payable 40,000Authorized ordinary shares at P10 stated value 1,200,000Subscribed preference share 60,000Authorized preference shares at P50 par value 800,000Gain on sale of treasury share 60,000Unrealized increase in value of FVTOCI securities 10,000Ordinary share warrants outstanding 35,000Unissued ordinary shares 650,000Unissued preference shares
The shareholders' equity section of Monica Avilado Company revealed the following information on December 31, 20i8:
Share Premium on preferred shares P 150,000
Premium on bonds payable 100,000
Share premium conversion option-bonds payable 40,000
Authorized ordinary shares at P10 stated value 1,200,000
Subscribed
Authorized preference shares at P50 par value 800,000
Gain on sale of treasury share 60,000
Unrealized increase in value of FVTOCI securities 10,000
Ordinary share warrants outstanding 35,000
Unissued ordinary shares 650,000
Unissued preference shares 150,000
Cash dividends payable-preferences 80,000
Donated capital 40,000
Reserve for bond sinking fund 320,000 Reserve for
Revaluation surplus 130,000
Subscription receivable-Preference 15,000
Subscription receivable-ordinary shares 20,000
Ordinary shares option outstanding 25,000
Bonds payable 1,000,000
Subscribed ordinary shares 200,000
Long term investments in equity securities 400,000
Share premium on ordinary shares 300,000
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