The shareholders' equity section of the balance sheet of Crestor Ltd.follows:
Contributed capital:
$\begin{array}{lr}
\text {Preferred shares, cumulative, $ \$ 3,4,000 $ shares outstanding, }&\$200,000\
\text { Common shares, 20,000 shares outstanding}&300,000\
\text {Retained earnings }&138,250\
\end{array}$

Question

The shareholders' equity section of the balance sheet of Crestor Ltd.follows:
Contributed capital:
 $\begin{array}{lr}
\text {Preferred shares, cumulative, $ \$ 3,4,000 $ shares outstanding, }&\$200,000\
\text { Common shares, 20,000 shares outstanding}&300,000\
\text {Retained earnings }&138,250\
\end{array}$

Quizplus · Accepted Answer

The Answer of The shareholders' equity section of the balance sheet of Crestor Ltd.follows:
Contributed capital:
 $\begin{array}{lr}
\text {Preferred shares, cumulative, $ \$ 3,4,000 $ shares outstanding, }&\$200,000\
\text { Common shares, 20,000 shares outstanding}&300,000\
\text {Retained earnings }&138,250\
\end{array}$

The Shareholders' Equity Section of the Balance Sheet of Crestor