Question: Luther Corporation has the following accounts at December 31 2014
Luther Corporation has the following accounts at December 31, 2014 (in euros): Share Capital—Ordinary, €10 par, 5,000 shares issued, €50,000; Share Premium—Ordinary €10,000; Retained Earnings €45,000; and Treasury Shares—Ordinary, 500 shares, €11,000. Prepare the equity section of the statement of financial position.
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