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How much is the legal capital

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Question - The shareholders' equity section of Fan Company revealed the following information on December 31, 2014: Preference share (P100 par), P2,300,000; share premium in excess of par-preference, P805,000; ordinary share (P15 par), P5,250,000; share premium in excess of par-ordinary. P2,750,000; subscribed ordinary share, P50,000; Accumulated profits and losses, P1,900,000; and subscriptions receivable-ordinary, P400,000. How much is the legal capital?

Reference no: EM133081428

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