BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
Question
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Good Thing PH provided the following details at year-end December 31, 2020:(5 mins)Authorized share capital-10, 000, 000 Unissued share capital-5, 000, 000Subscribed share capital-2, 000, 000Subscription receivable-800, 000Share premium-650, 000Retained earnings unappropriated-750, 000Retained Earnings appropriated-300, 000Revaluation Surplus-250, 000Treasury shares, at cost-200, 000 What must be reported as shareholder’s equity?
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3, 200, 000
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3, 800, 000
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3, 400, 000
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3, 550, 000
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Explanation:
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