Zinc Co.'s adjusted trial balance at December 31, 20x1, includes the following account balances: Ordinary shares, ₱3 par                                                      ₱600,000 Share premium                                                                    800,000 Treasury stock, at cost                                                             50,000 Accumulated other comprehensive income (Debit)                20,000 Retained earnings appropriated for uninsured earthquake losses  150,000 Retained earnings - unappropriated                                     200,000   What amount should Zinc report as total stockholders' equity in its December 31, 20x1, balance sheet? a.1,680,000 b. 1,720,000 c. 1,780,000      d. 1,820,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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  1. Zinc Co.'s adjusted trial balance at December 31, 20x1, includes the following account balances:

Ordinary shares, ₱3 par                                                      ₱600,000

Share premium                                                                    800,000

Treasury stock, at cost                                                             50,000

Accumulated other comprehensive income (Debit)                20,000

Retained earnings appropriated for uninsured earthquake losses  150,000

Retained earnings - unappropriated                                     200,000

 

What amount should Zinc report as total stockholders' equity in its December 31, 20x1, balance sheet?

a.1,680,000 b. 1,720,000 c. 1,780,000      d. 1,820,000

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