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How much is the net increase in the shareholders equity

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Reference no: EM132796110

The following transactions were taken from NCT Company:

  1. Authorized Share capital is 500,000 shares at $10 par per share.
  2. Total Subscriptions of equity share is 150,000 shares at subscription price of $12 per share
  3. Two-thirds of total subscription were full paid and issued Share Certificate.
  4. The balance of total subscriptions has $340,000 outstanding receivable.

Problem 1: How much is the net increase in the Shareholders' Equity of the above transactions?

Option a. 1,460,000

Option b. 1,800,000

Option c. 1,200,000

Option d. 1,440,000

Reference no: EM132796110

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