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1. As of December 31, 2019, XYZ Company reported assets of $7,400,000, liabilities of $2,200,000, share capital of $1,980,000 and retained earnings of $3,220,000.
1. As of December 31, 2019, XYZ Company reported assets of $7,400,000, liabilities of $2,200,000, share capital of $1,980,000 and retained earnings of $3,220,000. What is Total equity reported on the statement of financial position as of that date?
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
18th edition
1260190080, 1260190083, 978-1259917059
