The adjusted trial balance of ZZZ Corp.on December 31, 2014 includes the following account balances: Dividends Payable P 40,000 Ordinary share Capital (P5 par, 5,000
Dividends Payable P 40,000
Ordinary share Capital (P5 par, 5,000 shares authorized) 750,000
Ordinary Share Capital Subscribed (10,000 shares) 25,000
Ordinary Share Premium 50,000
10% Preference Share Capital (25,000 authorized, 12,000 shares outstanding) 300,000
Preference Share Premium 30,000
Retained Earnings Appropriated for Contigencies 150,000
Retained Earnings Appropriated for Bond Retirement 100,000
Retained Earnings-Unappropriated 450,000
Ordinary Share Capital Dividends Distributable 105,000
Paid-In Capital from Share Capital Dividend 63,000
Q1: what is, the total amount of share capital?
a. P1,050,000
b. P1,138,000
c. P1,075,000
d. P1,323,000
Q2: what is the total amount of Contributed Capital?
a. P1,050,000
b. P2,063,000
c. P1,323,000
d. P1,363,000
Q3: What is the total amount of Retained available for dividend distribution?
a. P600,000
b. P550,000
c. P700,000
d. P450,0000
Q4: what is the total amount of shareholders equity?
a. P1,363,000
b. P2,023,000
c. P2,000,000
d. P2,063,000
Step by Step Solution
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Lets calculate each part of the question step by step Q1 Total Amount of Share Capital To find the total amount of share capital we include the amount...See step-by-step solutions with expert insights and AI powered tools for academic success
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