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Using the information in MC 9-13, choose the correct answer for each question.

Using the information in MC 9-13, choose the correct answer for each question.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Using the information in MC 9-13, choose the correct answer for each question.

Chapter 9-Operations, Dividends, Book Value per Share, and Earnings per Share 385 What is the number of ordinary shares issued and outstanding? a. c. 500,000 d. 750,000 b. 150,000 Using the information in MC 9-13, what is the par value for each preference share capital? MC 9-14 a. P10 b. P12 c. P25 d. P40 MC 9-15 Using the information in MC 9-13, what is the market value for each ordinary share capital upon the declaration of the share capital dividend? c. P10 d. P25 a. P5 b. P8 Using the information in MC 9-13, how much is the total amount of Retained Earnings? MC 9-16 P100,000 b. P150,000 P450,000 d. P700,000 a. c. Using the information in MC 9-13, what is the total amount of Share Capital? a. P1,050,000 b. P1,075,000 MC 9-17 P1,138,000 d. P1,180,000 C. Using the information in MC 9-13, what is the total amount of Contributed Capital? a. P1,050,000 b. P1,323,000 MC 9-18 c. P1,363,000 d. P2,063,000 Using the information in MC 9-13, what is the total amount of Retained Earnings available for dividend distribution? a. P450,000 b. P550,000 MC 9-19 c. P600,000 d. P700,000 Using the information in MC 9-13, what is the total amount of shareholders' equity? a. P1,363,000 b. P2,000,000 MC 9-20 с. P2,023,000 d. P2,063,000
Transcribed Image Text:Chapter 9-Operations, Dividends, Book Value per Share, and Earnings per Share 385 What is the number of ordinary shares issued and outstanding? a. c. 500,000 d. 750,000 b. 150,000 Using the information in MC 9-13, what is the par value for each preference share capital? MC 9-14 a. P10 b. P12 c. P25 d. P40 MC 9-15 Using the information in MC 9-13, what is the market value for each ordinary share capital upon the declaration of the share capital dividend? c. P10 d. P25 a. P5 b. P8 Using the information in MC 9-13, how much is the total amount of Retained Earnings? MC 9-16 P100,000 b. P150,000 P450,000 d. P700,000 a. c. Using the information in MC 9-13, what is the total amount of Share Capital? a. P1,050,000 b. P1,075,000 MC 9-17 P1,138,000 d. P1,180,000 C. Using the information in MC 9-13, what is the total amount of Contributed Capital? a. P1,050,000 b. P1,323,000 MC 9-18 c. P1,363,000 d. P2,063,000 Using the information in MC 9-13, what is the total amount of Retained Earnings available for dividend distribution? a. P450,000 b. P550,000 MC 9-19 c. P600,000 d. P700,000 Using the information in MC 9-13, what is the total amount of shareholders' equity? a. P1,363,000 b. P2,000,000 MC 9-20 с. P2,023,000 d. P2,063,000
The adjusted trial balance of ZZZ Corp. on December 31, 2014 includes the following account balances: MC 9-13 P 40,000 750,000 Dividends Payable Ordinary Share Capital (P5 par, 500,000 shares authorized) Ordinary Share Capital Subscribed (10,000 shares) Ordinary Share Premium 10% Preference Share Capital (25,000 shares authorized, 12,000 shares outstanding) 25,000 50,000 300,000 30,000 150,000 100,000 450,000 105,000 63,000 Preference Share Premium Retained Earnings Appropriated for Contingencies Retained Earnings Appropriated for Bond Retirement Retained Earnings - Unappropriated Ordinary Share Capital Dividends Distributable Paid-in Capital from Share Capital Dividend
Transcribed Image Text:The adjusted trial balance of ZZZ Corp. on December 31, 2014 includes the following account balances: MC 9-13 P 40,000 750,000 Dividends Payable Ordinary Share Capital (P5 par, 500,000 shares authorized) Ordinary Share Capital Subscribed (10,000 shares) Ordinary Share Premium 10% Preference Share Capital (25,000 shares authorized, 12,000 shares outstanding) 25,000 50,000 300,000 30,000 150,000 100,000 450,000 105,000 63,000 Preference Share Premium Retained Earnings Appropriated for Contingencies Retained Earnings Appropriated for Bond Retirement Retained Earnings - Unappropriated Ordinary Share Capital Dividends Distributable Paid-in Capital from Share Capital Dividend
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