Reference no: EM132936089
The accounts below appear in the December 31, 200B trial balance of M Company:
Authorized common stock P2,500,000
Unissued common stock 1,000,000
Subscribed common stock 500,000
Subscription receivable 200,000
Additional paid-in capital 250,000
Retained earnings unappropriated 300,000
Retained earnings appropriated 150,000
Revaluation increment in property 100,000
Treasury stock, at cost 50,000
Problem 1: In its December 31, 200B balance sheet, M should report total stockholders' equity at
a. P2,550,000
b. P2,750,000
c. P2,450,000
d. P2,400,000
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