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Year-End Financials of Bronze Company

The document provides year-end financial information for Bronze Company including share capital, share premium, retained earnings, treasury shares, and other equity accounts. It asks for the total shareholders' equity, which is calculated in the answer as the sum of various equity accounts.

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Katrina Dela Cruz
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126 views1 page

Year-End Financials of Bronze Company

The document provides year-end financial information for Bronze Company including share capital, share premium, retained earnings, treasury shares, and other equity accounts. It asks for the total shareholders' equity, which is calculated in the answer as the sum of various equity accounts.

Uploaded by

Katrina Dela Cruz
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Bronze Company provided the following information at year-end:

Share capital 6,000,000.00


Share premium 3,500,000.00
Cumulative translation adjustment – debit 2,000,000.00
Treasury shares, at cost 700,000.00
Retained earnings 1,500,000.00
Cumulative unrealized gain on option contract 600,000.00
Designated as cash flow hedge

What is the shareholders’ equity at year-end?

Answer
Share capital 6,000,000.00
Share premium 3,500,000.00
Retained earnings 1,500,000.00
Cumulative unrealized gain on option contract
Designated as cash flow hedge 600,000.00
Cumulative translation adjustment – debit - 2,000,000.00
Treasury shares, at cost - 700,000.00
Total shareholders’ equity 8,900,000.00

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