Solve it correctly. 3. INDIGO Corporation provided the following shareholders' equity accounts. What is the amount of legal capital?a. P 8,981,000b. P 10,233,000c. P 8,725,000d. P 10,443,500Ordinary share capital, P15 parShare premium – ordinary sharesPreference share capital, P100 no parShare premium – preference sharesSubscribed ordinary share capitalSubscriptions receivable – ordinary shares, collectible currently4,875,0001,462,5003,200,000256,000650,000210,500Retained earnings2,350,000420,000Revaluation surplus

Name: Solve it correctly. 3. INDIGO Corporation provided the following share
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Description: Solve it correctly. 3. INDIGO Corporation provided the following shareholders' equity accounts. What is the amount of legal capital?a. P 8,981,000b. P 10,233,000c. P 8,725,000d. P 10,443,500Ordinary share capital, P15 parShare premium – ordinary shar

Legal capital refers to the minimum amount of capital that a company is required to maintain which…

Answered: 3. INDIGO Corporation provided the…

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3. INDIGO Corporation provided the following shareholders' equity accounts. What is the amount of legal capital?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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