Persistence Inc. provided the following information at year end: Share capital 15,000,0000 Share premium 5,000,000 Treasury shares, at cost , 2,000,000 Actuarial loss on defined benefit plan 1,000,000 Retained earnings unappropriated 6,000,000 Retained earnings appropriated 3,000,000 Revaluation surplus 4,000,000 Cumulative translation adjustment - credit 1,500,000 What amount should be reported as total shareholders' equity? A. 31,500,000 B. 30,500,000 C. 28,500,000 D. 26,500,000
Persistence Inc. provided the following information at year end: Share capital 15,000,0000 Share premium 5,000,000 Treasury shares, at cost , 2,000,000 Actuarial loss on defined benefit plan 1,000,000 Retained earnings unappropriated 6,000,000 Retained earnings appropriated 3,000,000 Revaluation surplus 4,000,000 Cumulative translation adjustment - credit 1,500,000 What amount should be reported as total shareholders' equity? A. 31,500,000 B. 30,500,000 C. 28,500,000 D. 26,500,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Persistence Inc. provided the following information at year end:
Share capital 15,000,0000
Share premium 5,000,000
Treasury shares, at cost , 2,000,000
Actuarial loss on defined benefit plan 1,000,000
Retained earnings appropriated 3,000,000
Revaluation surplus 4,000,000
Cumulative translation adjustment - credit 1,500,000
What amount should be reported as total shareholders' equity?
A. 31,500,000
B. 30,500,000
C. 28,500,000
D. 26,500,000
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