Angel Enterprises reported the following shareholder's equity at year-end: Preferred Shares, $6, 10,000 shares authorized, 600 shares
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Question:
Angel Enterprises reported the following shareholder's equity at year-end:
Preferred Shares, $6, 10,000 shares authorized, 600 shares outstanding | $120,000 |
Common Shares, 1,000,000 shares authorized, 77,000 shares outstanding | $231,000 |
Contributed Surplus | $770,000 |
Retained Earnings | $1,040,000 |
Accumulated Other Comprehensive Loss | $12,500 |
What is the total shareholder's equity reported on the balance sheet for Angel?
Related Book For
Intermediate Accounting Volume 2
ISBN: 9781119497042
12th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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