DEF Corporation currently have Ordinary Share Capital, P 20 par, 50,000 shares and replace it by issuing no-par share capital with a stated value of P 20. DEF also have balance of Ordinary Share Premium of P 250,000 and Retained Earnings of P 500,000. How much is the Total Shareholder's Equity after the replacement? A. 500,000.00 B. 1,750,000.00 C. 1,250,000.00 D. 1,000,000.00
DEF Corporation currently have Ordinary Share Capital, P 20 par, 50,000 shares and replace it by issuing no-par share capital with a stated value of P 20. DEF also have balance of Ordinary Share Premium of P 250,000 and Retained Earnings of P 500,000. How much is the Total Shareholder's Equity after the replacement? A. 500,000.00 B. 1,750,000.00 C. 1,250,000.00 D. 1,000,000.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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DEF Corporation currently have Ordinary Share Capital, P 20 par, 50,000 shares and replace it by
issuing no-par share capital with a stated value of P 20.
DEF also have balance of Ordinary Share Premium of P 250,000 and
How much is the Total Shareholder's Equity after the replacement?
A. 500,000.00
B. 1,750,000.00
C. 1,250,000.00
D. 1,000,000.00
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