Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. company x has issued share capital of 1,000,000 x

Company X has issued share capital of 1,000,000 x $2 shares; 200,000 x $5 preference...

80.2K

Verified Solution

Question

Accounting

Company X has issued share capital of 1,000,000 x $2 shares; 200,000 x $5 preference shares. There is a loan of $200,000 at 5%. There is a revenue reserve of $1,500,000 What is the total equity and reserves of Company X?

$3,200,000

$400,000

$2,900,000

$4,700,000

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

Calculate [H3O+] and [OH−] for each of the following solutions at 25 ∘C given the pH. Part...

Chemistry
Q

PA11-3 Comparing, Prioritizing Multiple Projects [LO 11-1, 11-2, 11-3, 11-6] Hearne Company has a number of...

Accounting
Q

Rob and his brother are riding in the same car on a Ferris wheel which...

Geometry
Q

Identify the surface defined by the following equation.16z + y = 9The surface defined by...

Basic Math
Q

Write an inequality to describe the region.The region between the yz-plane and the vertical plane...

Calculus
Q

se the area model to divide 20x 3 3x 2 17x 7 4x 2 x...

Calculus
Q

Find the leading coefficient of the following polynomial 5x 7x 6

Calculus
Q

11 Sketch a graph of the system of inequalities on a sheet of paper y...

Algebra
Q

Allie is 67 snd retired. How much tax and penalty will Allie pay on the...

Accounting
Q

explain how do they get the 4.4M and the other answer. be detailed ...

Accounting
Q

Which of the following statements regarding Notes is incorrect? Group of answer choices Notes are...

Accounting
Q

1. Forward Foreign Exchange: Yen/Us dollar and Forward exchange rate 3month = 110 $....

Finance