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
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
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter8: Liabilities And Stockholders' Equity
Section: Chapter Questions
Problem 8.23E
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- 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
Accumulated other comprehensive income (Debit) 20,000
Retained earnings - unappropriated 200,000
What amount should Zinc report as total
a.1,680,000 b. 1,720,000 c. 1,780,000 d. 1,820,000
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