What total shareholders equity should be reported

Assignment Help Accounting Basics

Reference no: EM132824643

Question - Silver Company provided the following information at year-end:

Share premium 1,000,000

Accounts payable 1,100,000

Preference share capital, at par 2,000,000

Ordinary share capital, at par 3,000,000

Sales 10,000,000

Total expenses 7,800,000

Treasury shares at cost - ordinary 500,000

Dividends 700,000

Retained earnings - beginning 1,000,000

Required - What total shareholders' equity should be reported at year-end?

a. 8,000,000

b. 8,500,000

c. 5,800,000

d. 8,700,000

Reference no: EM132824643

Questions Cloud

What is the minimum selling price : What is the minimum selling price that the division would consider as a "transfer price" to the Recreation Division on which no variable period costs

What is thomas adjusted basis after the casualty : The FMV after is just $950. If the insurance recovery is $16,000, what is Thomas's adjusted basis after the casualty? What is his casualty gain, if any?

What is the total amount of stockholders equity at december : Victory Corporation sold 400 shares of treasury stock for $45 per share. The cost for the shares was $35. Journalize the sale transaction

Challenges unique to contract and temporary workers : Discuss challenges unique to contract and temporary workers.

What total shareholders equity should be reported : Silver Company provided the following information at year-end: What total shareholders' equity should be reported at year-end

Calculate amount of additional paid-in capital at december : Treasury stock at $13 per share, and sold 4,000 shares of treasury stock at $14 per share. Calculate amount of additional paid-in capital at December 31, 2014.

Guidelines for releasing information about former employees : Identify two guidelines for releasing information about former employees and explain why these guidelines are important to use.

What are sheila and jacob recognized gain or loss : Assuming that Sheila's adjusted basis for the land is $60,000, what are Sheila's and Jacob's recognized gain or loss on the sales?

Assess 3 different sources of business data : Assess 3 different sources of business data and how this can be assessed and used for planning purposes e.g. internal information within the organisation

User Account

All Pages