Using the information in AA8, how much is the total amount of Retained Earnings? P 150,000 P 100,000 P 450,000 P 700,000
Using the information in AA8, how much is the total amount of Retained Earnings? P 150,000 P 100,000 P 450,000 P 700,000
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 4SEQ: If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity...
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![Using the information in AA8, how much is the total amount of Retained Earnings?
P 150,000
P 100,000
P 450,000
P 700,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faa829733-7e24-42bb-91b1-b6f9f22fa287%2F6d6aa752-93d7-49c0-9303-e986076781ed%2Fqwrs2g7_processed.png&w=3840&q=75)
Transcribed Image Text:Using the information in AA8, how much is the total amount of Retained Earnings?
P 150,000
P 100,000
P 450,000
P 700,000
![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
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faa829733-7e24-42bb-91b1-b6f9f22fa287%2F6d6aa752-93d7-49c0-9303-e986076781ed%2Fqyrv32a_processed.png&w=3840&q=75)
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
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