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on 29 answered out of 1.00 question ABC Company reported $3,200.000 net income before tax on 31st Dec 2020. The company is subject to 25%

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on 29 answered out of 1.00 question ABC Company reported $3,200.000 net income before tax on 31st Dec 2020. The company is subject to 25% income tax and has the following capital structure in that date. Share Capital-Ordinary ($5 Par) $10,000,000 Share capital-preference (250,000 shares, 10%) $5,000,000 share premium-ordinary $3,000,000 retained earnings $12,000,000 treasury shares (cost $10/share) $1,000,000 Accumulated revaluation surplus $1.000.000 based on this information, total equity is Select one: a. $31,000,000 b. $30,000,000 c. $18,000,000 d. $32,000,000

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