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What is the total shareholder equity at december

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Reference no: EM132869236

Problem - Tipps Corporation's adjusted trial balance at December 31, 2021 includes the following account balances.

Ordinary share capital, 10 par, 60,000 shares issued, 55,000 shares outstanding ??? (no amount given)

Share premium 280,000

Treasury shares (at cost) 75,000

Retained earnings appropriate for treasury shares 75,000

Retained earnings appropriate for contingencies 80,000

Retained earnings appropriate for bond redemption 180,000

Sinking fund cash 150,000

Revaluation surplus 120,000

Required -

1. How many were the treasury shares at December 31, 2021?

2. What is the total shareholder's equity at December 31, 2021?

Reference no: EM132869236

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