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What should Iso Company report as total shareholders equity

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Reference no: EM132796128

NCT Company presented its adjusted trial balance on December 31, 2020 and includes the following account balances:

Ordinary Share Capital 5,000,000

Ordinary Share Premium 3,000,000

Retained earnings - Appropriated for bond retirement 500,000

Retained earnings - Unappropriated 1,000,000

Treasury shares 100,000

Problem 1: What should Iso Company report as total shareholders equity?

Option a. 9,300,000

Option b. 9,400,000

Option c. 9,500,000

Option d. 9,200,000

Reference no: EM132796128

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