How much should be the total shareholders equity

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Reference no: EM133187998

Questions -

Q1. Regular dividends are declared out of

a. Treasury Stock.

b. Common Stock.

c. Paid-in Capital in Excess of Par Value.

d. Retained Earnings.

Q2. The following balances were taken from the general ledger: Authorized Share Capital 15,000,000; Unissued Share Capital 6,000,000; Subscribed Share Capital 3,000,000; Subscription Receivable 1,200,000; Share Premium 1,500,000; Retained Earnings 2,700,000; Bonds Payable 600,000; Treasury Shares 300,000? How much should be the Total Shareholders' Equity?

a. P 14,400,000

b. P 16,500,000

c. P 15,300,000

d. P 14,700,000

Reference no: EM133187998

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