Bernie Bird Co. adjusted trial balance on December 31, 20x1, includes the following account balances: Ordinary...
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Bernie Bird Co. adjusted trial balance on December 31, 20x1, includes the following account balances: Ordinary shares, PS par 800,000 Subscribed share capital 100,000 Share premium 1,120,000 Subscription receivable Cumulative losses on translation of foreign operation Retained earnings - appropriated Retained earnings - unappropriated Treasury shares, at cost 80,000 60,000 320,000 700,000 200,000 What amount should Bernie report as total shareholders' equity in its December 31, 20x1 statement of financial position? O 2,760,000 2,860,000 3,380,000 2,700,000 Bernie Bird Co. adjusted trial balance on December 31, 20x1, includes the following account balances: Ordinary shares, PS par 800,000 Subscribed share capital 100,000 Share premium 1,120,000 Subscription receivable Cumulative losses on translation of foreign operation Retained earnings - appropriated Retained earnings - unappropriated Treasury shares, at cost 80,000 60,000 320,000 700,000 200,000 What amount should Bernie report as total shareholders' equity in its December 31, 20x1 statement of financial position? O 2,760,000 2,860,000 3,380,000 2,700,000
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option B is correct 2860000 calculation Calculation of total shareholders equi... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
Posted Date:
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