Equity A limited liability company's statement of financial position includes the following: Authorised share capital .. $300,000

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Equity A limited liability company's statement of financial position includes the following:

Authorised share capital ……….. $300,000

Issued share capital ……………….. $160,000

General reserve ……………………….. $20,000

Retained earnings ……………………. $10,000

Based on this information, the company's total equity is:

A. $30,000

B. $160,000

C. $180,000

D. $190,000

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Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

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Question Posted: Sep 17, 2021 01:30 AM

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Equity A limited liability company's statement of financial position includes the following: Authorised share capital .. $300,000

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D 190000 The companys total equity is calculated by ...View the full answer

Accounting For Cambridge International AS And A Level

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