Pat Company reported the following information on December 31, 2020. Determine the legal capital: P230,000 80.500 525.000 275,000 5.000 190,000 400,000 40,000 Preference Share, P100 par Share Premium - Preference Ordinary Share, P15 par Share Premium - Ordinary Subscribed Ordinary Share Retained Earnings Notes Payable Subscription receivable - Ordinary

Pat Company reported the following information on December 31, 2020. Determine the legal capital: P230,000 80.500 525.000 275,000 5.000 190,000 400,000 40,000 Preference Share, P100 par Share Premium - Preference Ordinary Share, P15 par Share Premium - Ordinary Subscribed Ordinary Share Retained Earnings Notes Payable Subscription receivable - Ordinary

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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