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Hello can you provide some answers with explanations for this one?? I find it hard to understand. Thank u in advance!! PROBLEM #1 The following
Hello can you provide some answers with explanations for this one?? I find it hard to understand. Thank u in advance!!
PROBLEM #1 The following data were compiled prior to preparing the balance sheet of the SMN Corporation as of December 31, 2020 Authonzed ordinary 4,000,000 Relained earnings 720.000 share P100 par value unappropriated Subscribe ordinary snare 480,000 Revaluation increment on 900,000 capital property Stock subscriptions 120,000 Gain on sale of treasury share 80.000 receivables Unissues ordinary share 800.000 Cash dividends payable 160.000 Donated capital 800,000 Premium on capital share 320.000 Stock warrants 200,000 Premium on bonds payable 240.000 outstanding Treasury sluck, al cost 144.000 Reserve for depreciation 600,000 Net unreatized loss on 98,000 Reserve for bond sinking fund 400.000 Financial Asset at FVOCI Based on the above information and the result of your audit, determine the following as of December 31, 2020. Total share premium/additional paid-in capital Total retained earnings Total shareholders' equity PROBLEM #1 The following data were compiled prior to preparing the balance sheet of the SMN Corporation as of December 31, 2020 Authonzed ordinary 4,000,000 Relained earnings 720.000 share P100 par value unappropriated Subscribe ordinary snare 480,000 Revaluation increment on 900,000 capital property Stock subscriptions 120,000 Gain on sale of treasury share 80.000 receivables Unissues ordinary share 800.000 Cash dividends payable 160.000 Donated capital 800,000 Premium on capital share 320.000 Stock warrants 200,000 Premium on bonds payable 240.000 outstanding Treasury sluck, al cost 144.000 Reserve for depreciation 600,000 Net unreatized loss on 98,000 Reserve for bond sinking fund 400.000 Financial Asset at FVOCI Based on the above information and the result of your audit, determine the following as of December 31, 2020. Total share premium/additional paid-in capital Total retained earnings Total shareholders' equityStep by Step Solution
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