Accounting records of Arabica Company showed the following items as of December 31: Current Assets P700,000.00 Current Liabilities 300,000.00 Noncurrent Assets 2,500,000.00 Noncurrent Liabilities...

how much is the book value?

Accounting records of Arabica Company showed the following items as of December 31:<br>Current Assets<br>P700,000.00<br>Current Liabilities<br>300,000.00<br>Noncurrent Assets<br>2,500,000.00<br>Noncurrent Liabilities<br>1,500,000.00<br>Outstanding ordinary shares, January 1<br>350,000<br>Outstanding ordinary shares, January 31<br>450,000<br>In July 1, Arabica company issued additional 100,000 shares to fund its investment.<br>How much is the book value<br>P1400000.00<br>

Extracted text: Accounting records of Arabica Company showed the following items as of December 31: Current Assets P700,000.00 Current Liabilities 300,000.00 Noncurrent Assets 2,500,000.00 Noncurrent Liabilities 1,500,000.00 Outstanding ordinary shares, January 1 350,000 Outstanding ordinary shares, January 31 450,000 In July 1, Arabica company issued additional 100,000 shares to fund its investment. How much is the book value P1400000.00

Jun 11, 2022

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Accounting records of Arabica Company showed the following items as of December 31: Current Assets P700,000.00 Current Liabilities 300,000.00 Noncurrent Assets 2,500,000.00 Noncurrent Liabilities...

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