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    Problem 9 - 1 Computation of Total Shareholders' Equity

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    John Jimenez
    This document provides financial information for computing total shareholders' equity. It includes details of contributed capital such as legal capital from various share types issued and outstanding, additional paid in capital from share premiums, and accumulated profits including free profits and appropriated profits for contingencies and treasury shares. The total shareholders' equity is computed by taking the total contributed capital and accumulated profits and subtracting any treasury shares.

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    Problem 9 - 1 Computation of Total Shareholders' Equity

    Uploaded by

    John Jimenez
    30 views1 page
    This document provides financial information for computing total shareholders' equity. It includes details of contributed capital such as legal capital from various share types issued and outstanding, additional paid in capital from share premiums, and accumulated profits including free profits and appropriated profits for contingencies and treasury shares. The total shareholders' equity is computed by taking the total contributed capital and accumulated profits and subtracting any treasury shares.

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    dlsu acctba 2

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    -Acctba2-Problem-9-1-9-2

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    This document provides financial information for computing total shareholders' equity. It includes details of contributed capital such as legal capital from various share types issued and outstanding, additional paid in capital from share premiums, and accumulated profits including free profits and appropriated profits for contingencies and treasury shares. The total shareholders' equity is computed by taking the total contributed capital and accumulated profits and subtracting any treasury shares.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    30 views1 page

    Problem 9 - 1 Computation of Total Shareholders' Equity

    Uploaded by

    John Jimenez
    This document provides financial information for computing total shareholders' equity. It includes details of contributed capital such as legal capital from various share types issued and outstanding, additional paid in capital from share premiums, and accumulated profits including free profits and appropriated profits for contingencies and treasury shares. The total shareholders' equity is computed by taking the total contributed capital and accumulated profits and subtracting any treasury shares.

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 1

    Problem 9 -1 Computation of Total Shareholders' Equity

    Contributed Capital:
    Legal Capital
    10% Non Cumulative Preference, Participating Preference
    Share Capital , par value P100 , issued 3,000 shares 300,000
    Ordinary Share Capital, no par value,, issued 3,000 shares 312,000
    Subscribed Preference Share- 500 shares 50,000
    Less: Subscription Receivable - Preference (20,000) 30,000
    Ordinary Share Dividend Distributable 31,000
    Total Legal Capital 673,000
    Additional Paid In Capital
    Share Premium - Preference 20,000
    Total Contributed Capital 693,000

    Accumulated Profits
    Free 105,000
    Appropriated - Contingencies 30,000
    Treasury Shares 10,000 40,000 145,000
    Total 838,000
    Less: Treasury Shares - Ordinary (10,000)
    Total Shareholders' Equity 828,000

    Problem 9 -2 Computation of Total Reserves, Contributed Capital , Accumulated Profits, Shareholders' Equity
    Contributed Capital:
    Legal Capital
    6% Preference Share Capital, Non Cumulative and Non
    Participating, P100 par value, issued 4,500 shares 450,000
    Ordinary Share Capital, No Par P50 stated value, issued 6,000 sh 300,000
    Subscribed Preference Share Capital 200,000
    Less: Subscriptions Receivable - Preference (50,000) 150,000
    Subscribed Ordinary Share Capital 100,000
    Less: Subscriptions Receivable - Ordinary (60,000) 40,000
    Share Dividends Distributable - Preference 25,000
    Total Legal Capital 965,000
    Additional Paid In Capital (Reserves)
    Share Premium - Preference 10,000
    Share Premium - Ordinary 12,000
    Share Premium - Preference Treasury Shares 5,000
    Share Premium - Donated Ordinary Shares 8,000
    Total Additional Paid In Capital (Reserves) 35,000
    Total Contributed Capital 1,000,000
    Accumulated Profits
    Free (P280,000 - P30,000-P40,000) 215,000
    Appropriated - Treasury Shares 15,000
    Sinking Fund 50,000 65,000 280,000
    1,280,000
    Less: Treasury Shares - Preference (15,000)
    Total Shareholders' Equity 1,265,000

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