Question
ABC Company reported the following information on December 31, 2020: Ordinary share capital, P3 par 600,000 Share premium 800,000 Treasury shares, at cost 50,000 Net
ABC Company reported the following information on December 31, 2020:
Ordinary share capital, P3 par 600,000
Share premium 800,000
Treasury shares, at cost 50,000
Net unrealized loss on available for sale securities (investment at FVTOCI)
20,000
Retained earnings appropriated for unissued earthquake loss
150,000
Retained earnings unappropriated
200,000
What amount should be reported as total shareholders' equity on December 31, 2020?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Auditing Theory And Practice
Authors: C. William Thomas
1st Edition
0534013880, 978-0534013882
