Solved

Here Is an Extract of a Trial Balance for Masters

Question 39

Essay

Here is an extract of a trial balance for Masters Ltd. Indicate which are "non-contributed capital."
 Investment in common shares of XPedious Corp 104,560 Preferred shares 135,000 Common shares 100,000 Treasury shares 10,000 Contributed surplus-preferred shares 5,000 Other comprehensive income 45,000 Accumulated other comprehensive income 67,500 Unappropriated retained earnings 90,000 Appropriated retained earnings 8,500\begin{array}{ll}\text { Investment in common shares of XPedious Corp } & 104,560 \\\text { Preferred shares } & 135,000 \\\text { Common shares } & 100,000 \\\text { Treasury shares } & 10,000 \\\text { Contributed surplus-preferred shares } & 5,000 \\\text { Other comprehensive income } & 45,000 \\\text { Accumulated other comprehensive income } & 67,500 \\\text { Unappropriated retained earnings } & 90,000 \\\text { Appropriated retained earnings } & 8,500\end{array}

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents