Question

Lu Corporation has the following account balances at December 31, 2012:
Common Shares Subscribed ................ $ 250,000
Common Shares—No Par Value ............... 310,000 Subscriptions Receivable .................. 80,000
Retained Earnings ..................... 1,340,000
Contributed Surplus ...................... 320,000 Accumulated Other Comprehensive Income ........... 560,000
Prepare the December 31, 2012 shareholders’ equity section of the balance sheet.


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  • CreatedAugust 23, 2015
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