he accounts below appear in the December 31,2020 trial balance of Luna Company: Authorized share capital                                               30,000,000 Unissued share capital                                                   5,000,000 Subscribed share capital                                                3,000,000 Subscription receivable                                                 1,000,000 Share premium                                                                 10,000,000 Retained earnings unappropriated                           6,000,000 Retained earnings appropriated                                 2,000,000 Revaluation surplus                                                         4,500,000 Treasury shares, at cost,                                                1,500,000   In its December 31, 2020 statement of financial position, Luna should report total equity at:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The accounts below appear in the December 31,2020 trial balance of Luna Company:

Authorized share capital                                               30,000,000

Unissued share capital                                                   5,000,000

Subscribed share capital                                                3,000,000

Subscription receivable                                                 1,000,000

Share premium                                                                 10,000,000

Retained earnings unappropriated                           6,000,000

Retained earnings appropriated                                 2,000,000

Revaluation surplus                                                         4,500,000

Treasury shares, at cost,                                                1,500,000

 

In its December 31, 2020 statement of financial position, Luna should report total equity at:

 

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