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What would reel report as total shareholders equity on dec

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Reference no: EM132905685

For the year ended December 31, 2020, Reel Corporation reported the following:

Profit, 600,000

Other comprehensive income - Unrealized holding loss on Non-current Equity Investment net of tax, 10,000

Dividends declared on Preference Shares, 50,000

Dividends declared on Ordinary Shares, 20,000

Retained earnings - Beginning balance, 800,000

Ordinary share capital, 400,000

Preference share capital, 200,000

Cumulative other comprehensive income- Unrealized holding gains on Non-current Equity Investment net of tax- Beginning Balance, 50,000

Problem 1: What would Reel report as total shareholders' equity on December 31, 2020?

Reference no: EM132905685

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