What is the amount of legal capital

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Reference no: EM132974552

Questions -

Q1. An actuarial loss is reported ifThe actual benefit obligation is lower than the estimated amount

a. The actual projected benefit obligation has increased

b. The actual obligation is lower

c. The projected benefit obligation has decrease

Q2. X Company presented its financial data with the following details: Preference share capital 100 par, 3,000,000 share premium- preference share 500,000, Ordinary share capital no par 10 stated value 6,000,000. Share premium - ordinary share 2,000,000 subscribed ordinary share 4,000,000, retained earnings 2,500,000 subscription receivable- ordinary share 1,000,000. What is the amount of legal capital?

a. 15,500,000

b. 12,000,000

c. 13,000,000

Reference no: EM132974552

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