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International Equity Reserves The company, based in the United Kingdom, has the following equity accounts: Retained earnings $ 900 Asset revaluation reserve 3,400 Par value
International Equity Reserves
The company, based in the United Kingdom, has the following equity accounts:
Retained earnings | $ 900 |
Asset revaluation reserve | 3,400 |
Par value of shares | 110 |
Special reserve | 380 |
Share premium | 1,500 |
Total equity | $ 6,290 |
Compute the amount of nondistributable and distributable equity. Show calculations please
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