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Presented Below Is Information Related to Madrid Corporation The Total Shareholders' Equity of Madrid Corporation Is
A)

Question 91

Multiple Choice

Presented below is information related to Madrid Corporation:

  Subscriptions Receivable, Common Shares.......................................$ 120,000  Common Shares, no par value ...................................... 3,810,000   Common Shares Subscribed...................................... 240,000  $ 4 Preferred Shares, no par value ...................................... 1,440,000   Retained Earnings ...................................... 900,000  \begin{array}{ll}\ \text{ Subscriptions Receivable, Common Shares.......................................} & \quad\quad \quad \quad\quad \quad \quad \quad \quad \text{\$ 120,000 \quad \quad \quad } \\\text{ Common Shares, no par value ......................................} & \quad\quad \quad \quad\quad \quad \quad \quad \quad \text{\ 3,810,000 \quad \quad \quad } \\ \text{ \ Common Shares Subscribed......................................} & \quad\quad \quad \quad\quad \quad \quad \quad \quad \text{\ 240,000 \quad \quad \quad } \\\text{ \$ 4 Preferred Shares, no par value ......................................} & \quad\quad \quad \quad\quad \quad \quad \quad \quad \text{\ 1,440,000 \quad \quad \quad } \\\text{ \ Retained Earnings ......................................} & \quad\quad \quad \quad\quad \quad \quad \quad \quad \text{\ 900,000 \quad \quad \quad } \\\ \end{array}

The total shareholders' equity of Madrid Corporation is


A) $ 6,270,000.
B) $ 6,300,000.
C) $ 6,390,000.
D) $ 6,510,000.

Correct Answer:

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