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 dosed at December 31, 2015: Accumulated other comprehensive loss Common shares (unlimited number of shares authorized, 250,900 shares issued) Stock dividends distributable Additional contributed capital Preferred shares ($1.25 noncumulative, 109,100 shares authorized, 10,580 shares issued) Retained earnings (of which $109,100 is restricted for a plant expansion) $48,580 501,800 49,440 25,870 264,500 882,900 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 e.g. (45).) OZABAL INC. Statement of Financial Position (Partial) December 31, 2015 hareholders' Equit ntributed Capital hare Capital Shares 0180 tock Dividends Distributable 944 Additional Contributed 25870 Total Contributed Capita 841610 tained Eaings

Explanation / Answer

OZABAL INC. Statement of Financial Position (Partial) December 31, 2015 Shareholders' Equity Contributed Capital Share Capital Preferred Shares 264500 Common Shares 501800 Stock Dividends Distributable 49440 Total Share Capital 815740 Additional Contributed Capital 25870 Total Contributed Capital 841610 Retained Earnings 882900 Accumulated Other Comprehensive Loss -48580 Total Shareholders' Equity 1675930

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