Accounting 9706 · AS & A Level · Preparation of financial statements

Preparation of financial statements — practice question

These data relate to a limited company with 280000 ordinary shares of $0.50 each. Share premium: $70000 10% debentures: $100000 Retained earnings: $73400 General reserve: $62700 What is the amount of shareholders’ equity?

  • A$346100
  • B$446100
  • C$486100
  • D$586100

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