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QUESTION 2 [5 MARKS] The following equity accounts are in the ledger of Barakah Corporation on December 31, 2021. Particular AED Retained Earnings 1,250,000
QUESTION 2 [5 MARKS] The following equity accounts are in the ledger of Barakah Corporation on December 31, 2021. Particular AED Retained Earnings 1,250,000 Share Premium-Ordinary 1,800,000 Share Premium-Preference 600,000 Treasury Shares 812,500 Share capital-Ordinary (AED5 par, 800,000 shares authorized, 3,000,000 600,000 shares issued) Share Capital-Preference-8%, AED100 par 6,000,000 REQUIRED: Prepare the stockholders' equity section of the statement of financial position for Barakah Corporation ended 31 December 2021.
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