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You’re interested from the Black Clover Company, a publicly stored organization

You’re interested from the Black Clover Company, a publicly stored organization

whose offers try exchanged towards the Philippine Stock exchange, so you’re able to conduct an audit away from tis 20×2 economic statements. You’re told by the business’s controller there was basically several guarantee purchases you to definitely happened into the 20×2. The brand new shareholders’ guarantee profile at the December 31, 20×1, met with the adopting the stability:

Preference show financing, P100 par value, 6% cumulative; 10,000shares subscribed; six,000 offers approved and you can a great P600,100 Typical express money, P1 face value, 600,100 shares subscribed; 360,000 offers granted and you can the 360,000 Express superior 720,000Retained money 324,100000 Total shareholders’ collateral P2,004,000

You described the following collateral deals through the 20×2 or other recommendations regarding the shareholders’ equity on your own working documentation as follows:

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