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How much will be the new total amount of shareholders equity

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Reference no: EM132796121

The Shareholders' Equity of NCT Corporation presents the following:

Share Capital, 500,000 shares          10,000,000         2,000,000

Subscribed Share Capital, 100,000 shares

Subscription receivable        1,400,000

Retained Earnings - Free         3,000,000

Problem 1: How much will be the new total amount of Shareholders' Equity if the subscription receivable are declared delinquent and absorbed as Treasury Shares?

Option a. 13,000,000

Option b. 15,600,000

Option c. 13,600,000

Option d. 12,600,000

Reference no: EM132796121

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