Please answer the multiple choice questions about Retained Earnings.

Question 32 '1 pts Using the information in Question No. 11 , what is. the effect of the share capital dividend on total shareholders' equity? 0 Did not change 0 Decreased by P10,000 0 Increased by P100,000 O Decreased by P40,000 \fQuestion 34 Using the information in Question No. 13, what is the par value for each preference share capital? 0P3 0 P25 QPs OP4D Question 35 Using the information in Question No. 13, what is the market value for each ordinary share capital upon the declaration of the share capital dividends? Q P10 QPs QPe Q P25 Question 36 Using the information in Question No. 13, what is, the total amount of Retained Earnings? Q P700000 0 P150.000 Q P100000 0 P450.000 Question 37 Using the information in Question No. 13, what is, the total amount of share capital? 0 PLOSODDD O P1.138.0DD O P1.323.0DD O P1.0?5.0DD Question 38 Using the information in Question No. 13, what is the total amount of Contributed Capital? 0 P2063000 0 P1363000 0 P1050000 0 P1323000 Question 39 Using the information in Question No. 13. What is the total amount of Retained available for dividend distribution? 0 P4500000 O P000000 0 P?00.000 O P550.000 Question 40 Using the Question No. 13. what is the total amount of shareholders equity? O P2.000.000 O P1363000 O P2.023.000 O P2063000 Question 29 1 pts The shareholders' equity of NNN Company on December 3 1, 2014 follows: 10% Preference Share Capital, P 100 par P 500,000 Ordinary Share Capital, P60 par 3,000,000 Preference Share Premium 50,000. Ordinary Share Premium 250,000 Retained Earnings 300% Total Shareholders Equity P4,100,000 Preference shares are cumulative with dividends in an beginning of 201 0 and with a liquidation value of P120. What is the book value per share of preference share capital? 0 P100 0 P170 0 P120 0 P180 Question 30 1 pts Using the information in Question No. 9, what is the book value per share of ordinary Share capital? 0 P60 0 P65 0 P70 0PM Question 31 1 pts On April 8, 2014, Cordillera Corp. declared and issued a 25% ordinary share capital dividend. Prior to this date, Cordillera had 20,000 shares of P2 value ordinary share that were both issued and outstanding The carrying value of each share of stock is P20 at the time of declaration of the dividend. As a result of the share capital dividend, how much will be debited to Retained Earnings? O P100000 0 P75,000 o P40,000 O P10,000 A company declared a cash dividend on its ordinary share capital in December 2014, payable in January 2015. Retained Earnings would 0 not be affected on the date of declaration 0 not be affected on the date of payment decrease on the date of payment 0 increase on the date of declaration Question 26 1 pts The shareholders' equity section of (366 Corp. as of December 31, 2014 contained the following accounts: Ordinary Share Capital, 25,000shares authorized, 10,000 shares issued and outstanding P30,000 Ordinary Share Premium 40,000 Retained Earnings ,m P150,000 GGG's board of directors declared a 10% stock dividend on April 1 , 20105 when the market value of the share capital was P7 per share. Accordingly, 1,000 new shares were issued. All of GGG's shares has a par value of P3 per share. GGG incurred a loss of P 12,000 for the rst three months. What is the balance of the Retained Earnings accounts as of April 1, 2015? O P73,000 O P64.000 O P61000 O P68,000 Question 27 1 pts The JJJ Corporation has the following classes ofshare capital outstanding as of December 3 1 . 2014: Ordinary Share Capital, P20 par value, 20,000 shares outstanding Preference Share Capital, 6%. P100 par value, cumulative. 2.000 shares outstanding No dividends were paid on preference shares for 2012 and 2013. On December 3 1, 2014, a total cash dividend of P200,000 was declared. How much dividends will be received by ordinary shareholders O P188000 0 P0 0 P164000 0 P176000 \fQuestion 22 1 pts When a portion of shareholders' original Investment is returned in the form of a dividend, it is called a (an) O compensating dividend O liquidating dividend O equity dividend property dividend Question 23 1 pts Share capital dividends declared but not yet distributed as of the statement of nancial position date should be reported as a (an) O noncurrent liability 0 current liability reduction in total shareholders' equity 0 addition to share capital outstanding Question 25 1 pts On March 20. 2014. AAA Carp. declared the distribution of the following dividend to its shareholders of record as of Marc h 3 1 . 2014. Investment in 100 shares of BBB lCorp, struck, carrying value and fair value, P600.000 The entry to record the declaration of the property dividend would include a debit to Retained Earnings of Q P600000 0 P 850,000 0 P|,575,000 O P650000