Kalinga Company reported the following adjusted account balances at year-end: Share capital 15,000,000 Share premium 5,000,000 Treasury shares, at cost 2,000,000 Actuarial loss on defined benefit plan 1,000,000 Retained earnings unappropriated 6,000,000 Retained earning appropriated 3,000,000 Revaluation surplus 4,000,000 Cumulative translation adjustment- credit 1,500,000 REQUIRED: What amount sjould be reported as shareholder's equity at year-end? a. 31,500,000 b. 32,500,000
Kalinga Company reported the following adjusted account balances at year-end:
Share capital 15,000,000
Share premium 5,000,000
Treasury shares, at cost 2,000,000
Actuarial loss on defined benefit plan 1,000,000
Retained earning appropriated 3,000,000
Revaluation surplus 4,000,000
Cumulative translation adjustment- credit 1,500,000
REQUIRED:
What amount sjould be reported as shareholder's equity at year-end?
a. 31,500,000
b. 32,500,000
c. 28,500,000
d. 25,500,000
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