Question
On December 31, 2019, XYZ Co. has the following information: non-trading securities valued at $80,000; trading securities valued at $ 65,000; treasury shares valued at
On December 31, 2019, XYZ Co. has the following information: non-trading securities valued at $80,000; trading securities valued at $ 65,000; treasury shares valued at $30,000; land held for future development $140,000; restricted retained valued at $55,000; non-controlling interest valued at $72,000; Capitalized development costs valued at $15,000; long-term lease obligations valued at $40,000; salaries payable valued at $7,000 and trademark valued at $150,000. On XYZ Co.s statement of financial position at December 31, 2019, what amounts should be reported in the shareholders equity section?
A. | ($30,000), $15,000, $55,000, and $72,000 | |
B. | ($30,000), $15,000 and $55,000 | |
C. | ($30,000), $55,000, and $72,000 | |
D. | $30,000, $55,000, and $72,000 |
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