Net unrealized loss on foreign currency transaction 35,000 Net unrealized gain on translation adjustment of foreign operations 30,000 Revaluation surplus 160,000 What amount should be reported as total stockholders’ equity in its December 31, 2019 balance sheet?

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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blengblong Company’s adjusted balance at December 31, 2019, includes the following account balances:

Ordinary shares, P10 par 1,200,000

10% Preference shares, P100 par 1,600,000

Subscribed ordinary shares 600,000

Subscription receivable 120,000

Share premium – ordinary 240,000

Share premium – preference shares 500,000

Retained earnings – unrestricted 400,000

Retained earnings – restricted for treasury shares 100,000

Retained earnings – restricted for plant acquisition 200,000

Treasury shares at cost 100,000

Net unrealized gain on equity securities – FVPL 100,000

Net unrealized loss on equity securities – FVOCI 40,000

Net unrealized loss on foreign currency transaction 35,000

Net unrealized gain on translation adjustment of foreign operations 30,000

Revaluation surplus 160,000

What amount should be reported as total stockholders’ equity in its December 31, 2019 balance sheet?

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