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How much is the entity a total shareholders equity

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Reference no: EM132718342

Entity A was incorporated on January 1, 20x1 with an authorized capitalization is $1,000,000 divided into 100,000 shares with a par valueof $10 per share. The following were the share-related transactions of Entity A during the year:

  • Cash subscriptions of 30,000 shares at $12 per share.
  • Subscriptions of 40,000 shares at $18 per share. Seventy-five percent of the subscription price was collected during the year.

Problem 1: How much is the Entity A's total shareholders equity after recording the transaction above?

A. 900,000

B. 680,000

C. 540,000

D. 360,000

Reference no: EM132718342

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