Loving Company provided the following information on December 31 , 2020 : Share premium - 9,000,000 Accounts payable - 1,000,000 Sales - 10, 000, 000 Treasury shares - 250,000 Preference share - 1, 750, 000 Ordinary share - 400,000 Total costs and expenses ses - 7, 800, 000 Retained earnings , January 1 - 1, 000, 000. The total shareholders ' equity on December 31, 2020 is   a. 14,100,000 b. 13,400,000 c. 11,900,000 d. 11,200,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Loving Company provided the following information on December 31 , 2020 :

Share premium - 9,000,000

Accounts payable - 1,000,000

Sales - 10, 000, 000

Treasury shares - 250,000

Preference share - 1, 750, 000

Ordinary share - 400,000

Total costs and expenses ses - 7, 800, 000

Retained earnings , January 1 - 1, 000, 000.

The total shareholders ' equity on December 31, 2020 is

 

a. 14,100,000

b. 13,400,000

c. 11,900,000

d. 11,200,000

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