On December 18, 2020, UNO Corporation issued 5,250 ordinary shares, par P30 for P58 per share. At what amount will shareholders’ equity increase upon issuance?
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Capital balances in the CARE Partnership are C’s capital P500,000, A’s capital P400,000, R’s capital P300,000, and E’s capital P200,000, and income ratios are 4:3:2:1, respectively. E withdraws from the firm following payment of P290,000 in cash from the partnership. A’s capital balance after recording the withdrawal of E is?

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1 Number of ordinary shares issued 5250 x issue price 58 Shareholders eq... View the full answer