The accounts shown below appear in the December 31, 2003 trial of ABC Corporation: Preferred stock, authorized P0 par P10,000,000 Unissued preferred stock 3,600,000 Common stock, authorized P20 par 4,000,000 Unissued common stock 2,000,000 Subscription receivable, preferred stock 380,000 Subscription receivable, common stock 360,000 Subscribed preferred stock 600,000 Subscribed common stock 440,000 Treasury stock, preferred, at cost 1,360,000 Additional paid-in capital 1,700,000 Retained earnings 2,000,000 All subscription receivables are due in year 2004. How much is the total stockholder’s equity of ABC Corporation? 11,040,000 11,780,000 12,400,000 13,760,000
The accounts shown below appear in the December 31, 2003 trial of ABC Corporation:
Unissued preferred stock 3,600,000
Common stock, authorized P20 par 4,000,000
Unissued common stock 2,000,000
Subscription receivable, preferred stock 380,000
Subscription receivable, common stock 360,000
Subscribed preferred stock 600,000
Subscribed common stock 440,000
Additional paid-in capital 1,700,000
All subscription receivables are due in year 2004. How much is the total
11,040,000
11,780,000
12,400,000
13,760,000
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