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Q5. For the year ended December 31, 2019, Transformers Inc. reported the following: Net income Preference dividends declared Ordinary share dividends declared Unrealized holding loss,
Q5. For the year ended December 31, 2019, Transformers Inc. reported the following: Net income Preference dividends declared Ordinary share dividends declared Unrealized holding loss, net of tax Retained earnings balance at beginning of the year Share capital - ordinary Accumulated other comprehensive income, Beginning balance 120,000 20,000 4,000 2,000 160,000 80,000 10,000 What would Transformers report as total stockholders' equity on Dec 31, 2019? (1 mark) Show plausible calculations to get credit
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