Question
The adjusted trial balance of ZZZ Corp. on December 31, 2010 includes the following account balances: Dividends Payable P 40,000 Ordinary Share Capital (P5 par,
The adjusted trial balance of ZZZ Corp. on December 31, 2010 includes the following account balances:
Dividends Payable P 40,000
Ordinary Share Capital (P5 par, 5,000 shares authorized) P 750,000
Ordinary Share Capital Subscribed (10,000 subscribed) P 25,000
Ordinary Share Premium P 50,000
10% Preference Share Capital (25,000 shares authorized, 12,000 shares outstanding) P 300,000
Preference Share Premium P 30,000
Retained Earnings Appropriated for Contingencies P 150,000
Retained Earnings Appropriated for Bond Retirement P 100,000
Retained Earnings - Unappropriated P 450,000
Ordinary Share Capital Dividends Distributable P 105,000
Paid-in, Capital from Share Capital Dividend P 63,000
What is the total amount of shareholders equity?
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