Your answer is partially correct. Try again. The following accounts appear in th

Question

Your answer is partially correct. Try again. The following accounts appear in the ledger of Ozabal Inc. after the books are closed at December 31, 2015: Accumulated other comprehensive loss Common shares (unlimited number of shares authorized, 249,600 shares issued) Stock dividends distributable Additional contributed capital Preferred shares ($1.25 noncumulative, 115,900 shares authorized, 11,500 shares issued) Retained earnings (of which $115,900 is restricted for a plant expansion) $51,070 499,200 49,240 25,070 287,500 887,700 Prepare the shareholders' equity section of Ozabal's statement of financial position. (Enter account name only and do not provide descriptive information. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Explanation / Answer

Answer

Statement of Financial Position (Partial) December 31, 2015 Shareholders' Equity Contributed Capital Share Capital Preferred Shares 287500 Common Shares 499200 Stock Dividends Distributable 49240 Total Share Capital 835940 Additional Contributed Capital 25070 Total Contributed Capital 861010 Retained Earnings 887700 Accumulated Other Comprehensive Loss -26690 Total Shareholders' Equity 1722020

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