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Information on Shareholder's Equity as Currently Shown on the Books

Question 27

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Information on shareholder's equity as currently shown on the books of the Eaton plc is given as:
 Ordinary shares ( £2.00 par value) £350,000 Additional Paid in Capital 0 Retained Earnings 7,800,000\begin{array}{|l|l|}\hline \text { Ordinary shares ( } £ 2.00 \text { par value) } & £ 350,000 \\\hline \text { Additional Paid in Capital } & 0 \\\hline \text { Retained Earnings } & 7,800,000\\\hline\end{array}

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