The following accounts are found in the trial balance of Dawn Corporation as December 31, 2019. Authorized Ordinary share capital, P 100 par P1,000,000; Unissued Ordinary share capital P300,000; Subscribed Ordinary share P200,000; Ordinary share subscription receivable P100,000; Ordinary share premium P70,000. The total number of shares issued is Using data in number 1, the total number of shares still available for subscription is

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A:

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A: Answer a)

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A: Preference shares (40,000 x P50) = P2,000,000 Ordinary shares (50,000 x P100) = P5,000,000

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A: Legal capital of the business means total capital which is subscribed or issued to the public. Par…

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A:

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A: T-Accounts-: A T-Account is the graphic indication of a common ledger that documents a company's…

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A: Book value is calculated by the historical costs of stocks.

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.