Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / Question 7 2 pts Olmsted Company has the following items: share capital-ordinary
Question 7 2 pts Olmsted Company has the following items: share capital-ordinary. $920,000; treasury shares, $85.000; and retained earnings, $363,000. What amount should Olmsted Company report as total equity? $1.098,000. $1398.000 $1.298.000 $1.198.000
| Answer: $1,198,000 |
Calculation:
| Particulars | $ |
| Share capital - Ordinary | 920,000 |
| Treasury shares | (85,000) |
| Retained Earnings | 363,000 |
| Total Equity | 1,198,000 |
