AA8 The adjusted trial balance of ZZZ Corp. on December 31, 2021 includes the following account balances: Dividends Payable P 40,000 Ordinary Share Capital (P5 par, 500,000 shares 750,000 authorized) Ordinary Share Capital Subscribed (10,000 shares) 25,000 Ordinary Share Premium 50,000 10% Preference Share Capital (25,000 shares authorized, 12,000 shares outstanding) 300,000 Preference Share Premium 30,000
AA8 The adjusted trial balance of ZZZ Corp. on December 31, 2021 includes the following account balances: Dividends Payable P 40,000 Ordinary Share Capital (P5 par, 500,000 shares 750,000 authorized) Ordinary Share Capital Subscribed (10,000 shares) 25,000 Ordinary Share Premium 50,000 10% Preference Share Capital (25,000 shares authorized, 12,000 shares outstanding) 300,000 Preference Share Premium 30,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:AA8
The adjusted trial balance of ZZZ Corp. on December 31, 2021 includes the following
account balances:
Dividends Payable
P 40,000
Ordinary Share Capital (P5 par, 500,000 shares
750,000
authorized)
Ordinary Share Capital Subscribed (10,000 shares)
25,000
Ordinary Share Premium
50,000
10% Preference Share Capital (25,000 shares authorized,
12,000 shares outstanding)
300,000
Preference Share Premium
30,000
Retained Earnings Appropriated for Contingencies
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

Transcribed Image Text:Using the information in AA8, what is the par value for each preference share capital?
P 12
P 10
P 25
P 40
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