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Total Shareholders' Equity Calculation

United Company reported unadjusted current assets and shareholders' equity at year-end. The total shareholders' equity, calculated from share capital, share premium, and retained earnings, amounts to 7,200,000. This figure reflects the company's financial position at the end of the reporting period.

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Katrina Dela Cruz
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17 views1 page

Total Shareholders' Equity Calculation

United Company reported unadjusted current assets and shareholders' equity at year-end. The total shareholders' equity, calculated from share capital, share premium, and retained earnings, amounts to 7,200,000. This figure reflects the company's financial position at the end of the reporting period.

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

United Company reported the following unadjusted current assets and shareholders’

equity at year-end

Cash 600,000.00
Financial Assets at fair value 1,000,000.00
Trade accounts receivables 3,500,000.00
Inventory 1,500,000.00
Share capital 5,000,000.00
Share Premium 2,000,000.00
Retained Earnings 500,000.00

What amount should be reported as total shareholders’ equity at year-end?

ANSWER:
7,200,000

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