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
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?
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Intermediate Accounting Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian Edition
1119497043, 978-1119497042
