Question: Meenen Corporation has the following accounts at December 31 in
Meenen Corporation has the following accounts at December 31 (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 (balance sheet).
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