- Exercise 11 2 1 Mosqueto Company Provided The Following Balances As Of December 31 2020 P 500 000 100 000 5 000 000 1 1 (1006.44 KiB) Viewed 13 times
EXERCISE 11-2 1. Mosqueto Company provided the following balances as of December 31, 2020: P 500,000 100,000 5,000,000 1,000,000 500,000 4,000,000 2,000,000 500,000 3,000,000 200,000 2,500,000 150,000 2,850,000 Accounts Payable Accrued Taxes Ordinary Share Capital Dividends - Ordinary Share Dividends Preference Share Mortgage Payable (P500,000 due in six months) Note Payable, due January 31, 2023 Share Premium Preference Share Capital Premium on Note Payable Retained Earnings - January 1, 2020 Unearned Rent Net income a. How much is total noncurrent liabilities as of December 31, 2020? b. How much is retained earnings as of December 31, 2020? c. How much is total shareholders' equity as of December 31, 2020?