On December 31, 2018, XYZ Co. has the following information in the statement of financial position: Bond payable due on 2021 $150,000 Equity attributable to owners 550,000 Share Discount- ordinary 15,000 Investment in Held-for-collection securities 6,500 Account receivables 70,000 Treasury shares 50,000 Allowance for doubtful account 10,000 Share Premium- ordinary 7,000 Accumulated other comprehensive income 30,000 XYZ Co. omitted recording the share premium in the statement of financial position, what is the impact of omitting this item? Treasury shares will be understated by $7,000 Share capital will be understated by $7,000 Equity attributable to owners will be overstated by $7,000 Equity attributable to owners will be understated by $7,000 A B n D Moving to another question will save this response. Question 9 of 20