A company provided the following data as of December 31, 2020: 500,000 Ordinary share capital, P10...

 

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A company provided the following data as of December 31, 2020: 500,000 Ordinary share capital, P10 par 10% convertible preference share capital, P5 par 8% redeemable preference shares, P100 par 1,000,000 600,000 Share premium 2,100,000 Subscribed ordinary share capital 1,500,000 Subscription receivable - ordinary share capital 500,000 Share warrants outstanding 200,000 Treasury shares Retained earnings - plant expansion Retained earnings -free 200,000 350,000 2,450,000 The amount collectible on the subscribed shares are due on June 3, 2021. Additionally, a portion the retained earnings is appropriated for the planned expansion af one of the company's properties, Determine the total shareholders' equity to be reported in the company's statement of financial position as of December 31, 2020. A company provided the following data as of December 31, 2020: 500,000 Ordinary share capital, P10 par 10% convertible preference share capital, P5 par 8% redeemable preference shares, P100 par 1,000,000 600,000 Share premium 2,100,000 Subscribed ordinary share capital 1,500,000 Subscription receivable - ordinary share capital 500,000 Share warrants outstanding 200,000 Treasury shares Retained earnings - plant expansion Retained earnings -free 200,000 350,000 2,450,000 The amount collectible on the subscribed shares are due on June 3, 2021. Additionally, a portion the retained earnings is appropriated for the planned expansion af one of the company's properties, Determine the total shareholders' equity to be reported in the company's statement of financial position as of December 31, 2020.

Answer rating: 100% (QA)

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