CFAS Company reported the following shareholders’ equity at the beginning of current year:
|Preference share capital, 100,000 shares, P10 par||1,000,000|
|Ordinary share capital, 500,000 shares, P10 par||5,000,000|
|Share premium — Preference||50,000|
|Share premium – Ordinary||200,000|
During the current year, the following transactions were completed:
What is the total shareholders’ equity at year – end?
AnswerPoge (1).Preforence share capital 1000,000 ordinary share capital 5,000,000 share premium, preference 50,000 share premium, ordinary quad2,00,000 Earnings quad1,00,000 Total on Janvary quad6350000Less/Add ... See the full answer