The following data are presented for Caroline company for the year ended December 31, 2020. Preference share capital authorized, 100 par, P15,000,000, Ordinary share capital authorized, 10 par, P6,000,000, Unissued preference share capital, P5,400,000, Unissued ordinary share capital, P3,000,000, Subscriptions receivable, ordinary, P540,000, Subscriptions receivable, preference, P570,000, Preference share capital subscribed, P900,000, Ordinary share capital subscribed, P660,000, Treasury preference shares (700 shares at cost), P2,040,000, Share premium, P2,550,000, Retained earnings, P6,000,000. What is the amount of shareholder’s equity on December 31, 2018? 19,560,000 pls provide solution for this answer
#17
The following data are presented for Caroline company for the year ended December 31, 2020.
10 par, P6,000,000, Unissued preference share capital, P5,400,000, Unissued ordinary share
capital, P3,000,000, Subscriptions receivable, ordinary, P540,000, Subscriptions receivable,
preference, P570,000, Preference share capital subscribed, P900,000, Ordinary share capital
subscribed, P660,000, Treasury preference shares (700 shares at cost), P2,040,000, Share
premium, P2,550,000, Retained earnings, P6,000,000. What is the amount of shareholder’s
equity on December 31, 2018? 19,560,000 pls provide solution for this answer
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