The shareholders equity of SLEIGHT OF HAND shows the following information as of December 31, 2020 Share

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The shareholders’ equity of SLEIGHT OF HAND shows the following information as of December 31, 2020

Share capital – ordinary P2,000,000

Share premium – ordinary 200,000

Subscribed capital – ordinary 500,000

Subscription receivable 150,000

Retained earnings 300,000

Treasury shares, at cost 100,000

What amount of shareholder’s equity should SLEIGHT OF HAND report as of December 31, 2020?

Group of answer choices

A. P3,250,000

B. P3,050,000

C. P2,750,000

D. 2,900,000

Related Book For answer-question

Modern Advanced Accounting in Canada

ISBN: 978-1259087554

7th edition

Authors: Hilton Murray, Herauf Darrell

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Posted Date: Mar 03, 2022 04:26 AM

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The shareholders equity of SLEIGHT OF HAND shows the following information as of December 31, 2020 Share

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Particulars AmountP Explanation Share capital Ordinary 2000000 It is the total amount raised by comp... View the full answer

Modern Advanced Accounting in Canada

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