Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. authorized, 750,000 issued for $1,500,000, retaine

authorized, 750,000 issued for $1,500,000, Retained earnings of $600,000, and Accumulated other comprehensive income of...

70.2K

Verified Solution

Question

Accounting

authorized, 750,000 issued for $1,500,000, Retained earnings of $600,000, and Accumulated other comprehensive income of $150,000. During the year ended December 31,2024, the company issued 150,000 common shares for $450,000 cash, declared dividends of $75,000, and reported profit of $540,000 and a holding loss after tax on investment assets of $37,500 as other comprehensive income. How much is total shareholders' equity?
a) $3,127,500
b) $2,977,000
c) $3,015,000
d) $3,277,500
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Explain the difference between public debt offerings and private debt offerings. Provide a recent example of...

Finance
Q

\"Humans acquire Staphylococcus saprophyticus from direct exposure to animals or inadequately cooked animal food products. Young women...

Biology
Q

[C#] Randomly generate two numbers that user chooses and then ask the user what the answer...

Programming
Q

1) Explain the mechanism of DPSK, and the reason of using DPSK.

Electrical Engineering
Q

As you just saw, we used a Tukey post hoc test to look at the differences...

Basic Math
Q

You are tasked with determining if there is a difference in the average number of years...

Basic Math
Q

S4 Segments that Meet Outside the Circle Solve for x Assume that lines which appear...

Geometry
Q

Explain your reasoning I think the large Square because theres 5 you can Cut it...

Basic Math
Q

sing of a certai is given b where P is in dollars and M x...

Calculus
Q

Find functions f and g so that h(x) = (fog)(x).h(x)=1/(x^2-3)f(x) = 1/3, g(x) = x-3f(x)...

Algebra
Q

Rewrite as a single logarithm Simplify any polynomials if present In 256x24 In 125x In...

Algebra
Q

At the end of 3 months he estimates that he will have inventory, of unsold...

Accounting