User Account

All Pages

What is the balance retained earnings as of december

Assignment Help Accounting Basics
Reference no: EM133096898

Question - ABC Corp. provided the following information on December 31, 2012:

Share premium 1,000,000

Accounts payable 1,100,000

Preference share, at par 2,000,000

Ordinary share, at par 3,000,000

Sales 10,000,000

Total expenses 7,800,000

Treasury shares-ordinary 500,000

Dividends 700,000

Retained earnings - January 1 1,000,000

1. What is the balance Retained Earnings as of December 31, 2012?

a. P1,000,000 c. P 300,000

b. P2,500,000 d. P3,200,000

2. What is the total of shareholders' equity as of December 31, 2012?

a. P8,000,000 c. P8,500,000

b. P5,800,000 d. P8,700,000

Reference no: EM133096898

Questions Cloud

Determine the company''s margin of safety : Jonick Company has sales of $810,000, and the break-even point in sales dollars is $664,200. Determine the company's margin of safety
Describe what perspective of poverty : Describe what perspective of poverty the author addresses in these chapters. Examples may include a historical or economic perspective, religious,
Summarize what you have learned about the pollutants : Visit EPA website to learn more about common air pollutants. After viewing the website, summarize what you have learned about the pollutants
Major types of cholinergic receptors : Name the two major types of cholinergic receptors and the two major types of adrenergic receptors.
What is the balance retained earnings as of december : ABC Corp. provided the following information on December 31, 2012: What is the balance Retained Earnings as of December 31, 2012
What did you find interesting about solar roadways : Visit INDIEGOGO to watch the videos on Solar Roadways. What did you find interesting about at least one of the videos? Summarize what you found interesting
What is the amount realized by roberta in the exchange : The corporation assumed a liability of $119 on the property transferred. What is the amount realized by Roberta in the exchange
Discuss what you found interesting expansive soil : Learn about expansive soil. After viewing the website, discuss what you found interesting about the article in a 200-word minimum
Inflammatory pain associated with rheumatoid arthritis : Steroids are often given for severe inflammatory pain associated with rheumatoid arthritis.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much estimated rebate liability will be presented

How much Estimated Rebate Liability will be presented in the December 31, 2020 Statement of Financial Position? How much is the rebate expense to be recognized

  What are all the qualitative consideration

A special order was received from Bank Rakyat Islamic Bhd to supply 5,000,000 cans, What are all the qualitative consideration that must be taken in decision

  Determine the equivalent units of production for cereal

Assume that once a box is filled with cereal, Determine the equivalent units of production for cereal, boxes, and conversion costs for January

  What is meant by an export base industry

Question - What is meant by an "export base" industry and what is its significance in regional economic analysis

  Explain to mr skaros why his production cost report showed

Prepare a maximum 700-word informal memo and explain to Mr. Skaros why his production cost report showed only 2,000 equivalent units in ending inventory.

  Determine the new capital balances

Baker,Marshall, and Perryman share profits and losses equally and begin their business with investments of $20,000, $15,000, and $8,000, respectively.

  What is the current portion of long-term debt

What is the current portion of long-term debt, how would I report this debt on my balance sheet

  Determine whether the company should produce special order

ABC Company has annual productive capacity of 70000 units per year. Determine whether the company should produce the special order

  Considered to be more prone to roll over than cars

Sport utility vehicles (SUVs), vans, and pickups are generally considered to be more prone to roll over than cars. In 1997, 24.0% of all highway fatalities involved rollovers; 15.8% of all fatalities in 1997 involved SUVs, vans, and pickups, given..

  What is chuck amti for the year

In 2015, he claims a $4,000 personal exemption and records taxable income of $120,000. Chuck's AMT preferences total $51,000. What is Chuck's AMTI for the year

  What are the operational risks surrounding the ticket sales

Tickets will professionally designed and printed with security features to make counterfeiting impossible. What are operational risks surrounding ticket sales

  Do still need to send loan confirmation to bank of america

$140 million of loan outstanding from Banc of California. As an auditor, do you still need to send loan confirmation to Bank of America? Why or why not?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd