The accounts below appear in the current year-end trial balance of Trogss Company: Accounts payable 1,760,000 Dividends 1,120,000 Ordinary share capital, at par 4,800,000 Preference share capital, at par 3,200,000 Retained earnings - January 1 1,600,000 Sales 16,000,000 Share premium 1,600,000 Total expenses 12,480,000 Treasury shares - ordinary, at cost What amount should be reported as total shareholders' equity? s00,0 o a9,280,000 O b.13,920,000 O c 13,600,000 o d. 12,800,000
The accounts below appear in the current year-end trial balance of Trogss Company: Accounts payable 1,760,000 Dividends 1,120,000 Ordinary share capital, at par 4,800,000 Preference share capital, at par 3,200,000 Retained earnings - January 1 1,600,000 Sales 16,000,000 Share premium 1,600,000 Total expenses 12,480,000 Treasury shares - ordinary, at cost What amount should be reported as total shareholders' equity? s00,0 o a9,280,000 O b.13,920,000 O c 13,600,000 o d. 12,800,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![The accounts below appear in the current year-end trial balance of Trogss Company:
Accounts payable
1,760,000
Dividends
1,120,000
Ordinary share capital, at par
4,800,000
Preference share capital, at par
3,200,000
Retained earnings - January 1
1,600,000
Sales
16,000,000
Share premium
Total expenses
1,600,000
12,480,000
Treasury shares - ordinary, at cost
s00,000
What amount should be reported as total shareholders' equity?
O a.9,280,000
O b. 13,920,000
O c. 13,600,000
O d. 12,800,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fec3f2972-0a33-4db4-8ea5-9a2d59eca4be%2F4fb03ccc-7579-4b29-8109-9dddc041f204%2F1mr14l_processed.png&w=3840&q=75)
Transcribed Image Text:The accounts below appear in the current year-end trial balance of Trogss Company:
Accounts payable
1,760,000
Dividends
1,120,000
Ordinary share capital, at par
4,800,000
Preference share capital, at par
3,200,000
Retained earnings - January 1
1,600,000
Sales
16,000,000
Share premium
Total expenses
1,600,000
12,480,000
Treasury shares - ordinary, at cost
s00,000
What amount should be reported as total shareholders' equity?
O a.9,280,000
O b. 13,920,000
O c. 13,600,000
O d. 12,800,000
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