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On December 31, 2019, Xyz Co. has the following information: non-trading securities valued at $65,000; treasury shares valued at $30,000; land held for future development
On December 31, 2019, Xyz Co. has the following information: non-trading securities valued at $65,000; treasury shares valued at $30,000; land held for future development $40,000; salaries payable valued at $7,000 and trademark valued at $150,000. On XYZ Co, statement of financial position at December 31, 2019, what amounts should be reported in the shareholders equity section?
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