P 20-11

P 20-11
1) Preference Share Capital 1 500 000
Share Premium-PS
500 000
Bonds Payable
2 000 000
2) Retained Earnings
Goodwill

500 000
500 000

P 20-11
Cost

Replaceme
nt Cost

Increase

Asset

8 000 000

12 000 000

4 000 000

Accumulated
Depreciation

(2 000 000)

(3 000 000)

(1 000 000)

CA/RS/SV

6 000 000

9 000 000

3 000 000

3) Property, plant & equip.

Accum. Depreciation
Revaluation surplus

4 000 000
1 000 000
3 000 000

4) Revaluation Surplus
Retained Earnings
000

1 500 000
1 500

P 20-11
Bacolod Company
Statement of Financial Position
December 31, 2016
ASSETS
Cash

425 000

Other Current Assets

1 325 000

Property, plant and

equipment
Accumulated Depreciation
Total Assets

12 000 000
(3 000 000)

9 000 000
10 750
000

P 20-11
LIABILITIES AND
STOCKHOLDERS EQUITY
Current Liabilities

2 000 000

Note
1- Reserves
Bonds Payable
2 000 000
Share
Premium
250
000
Total Liabilities
Revaluation Surplus 1 500
Ordinary share capital, 50 000 5 000 000
000
shares, P100
Total reserves
1 750
par
000
Reserves (Note 1)

4 000 000

1 750 000

Total Stockholders equity

6 750 000

Total Liabilities and

Stockholders equity

10 750 000