Problem 5-9 (AICPA Adapted)Kalinga Company reported the following adjusted accountbalances at year-end:Share capitalShare premiumTreasury shares, at costActuarial loss on defined benefit planRetained earnings unappropriatedRetained earnings appropriatedRevaluation surplusCumulative translation adjustment - credit15,000,0005,000,0002,000,0001,000,0006,000,0003,000,0004,000,0001,500,000What amount should be reported as shareholders' equity atyear-end?a. 31,500,000b. 32,500,000c. 28,500,000d. 25,500,000

solution concept shareholders equity includes the share capital , share premium and retained…

Answered: 1,500,000 translation adjustment -…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1,500,000 translation adjustment - credit What amount should be reported as shareholders' equity at year-end? a. 31,500,000 b. 32,500,000 c. 28,500,000 d. 25,500,000 00000