Reference no: EM132936593

The accounts below appear in the December 31, 200B trial balance of M Company:

Authorized common stock P2,500,000

Unissued common stock 1,000,000

Subscribed common stock 500,000

Subscription receivable 200,000

Additional paid-in capital 250,000

Retained earnings unappropriated 300,000

Retained earnings appropriated 150,000

Revaluation increment in property 100,000

Treasury stock, at cost 50,000

Problem 1: In its December 31, 200B balance sheet, M should report total stockholders' equity at

a. P2,550,000

b. P2,750,000

c. P2,450,000

d. P2,400,000