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A company has the following information about its equity and reserves: authorized ordinary shares 5,000,000 $5 issued ordinary shares 3, 000,000 $5 issued preference shares
A company has the following information about its equity and reserves:
authorized ordinary shares 5,000,000 $5
issued ordinary shares 3, 000,000 $5
issued preference shares 200,000 $5
loans at 5%
revenue reserve $1,000,000
What is the total equity and reserves of the company?
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