darajadulco
Feb 21, 2012, 03:15 AM
The SHE of Glee Company revealed the following information on December 31, 2012.
Preference share capital, P100 par 2,300,000
Share premiums - PS 805,000
Ordinary share capital, P15 par 5,250,000
Share premium 2,750,000
Subscribed ordinary share capital 500,000
Retained earnings 1,900,000
Treasury shares - at cost 500,000
Compute for the legal capital and contributed capital.
Preference share capital, P100 par 2,300,000
Share premiums - PS 805,000
Ordinary share capital, P15 par 5,250,000
Share premium 2,750,000
Subscribed ordinary share capital 500,000
Retained earnings 1,900,000
Treasury shares - at cost 500,000
Compute for the legal capital and contributed capital.