As of December 31, 2014, Lojas Company reported assets of R$7,400,000, liabilities of R$2,200,000, share capital of R$1,980,000 and retained earnings of R$3,220,000. Total equity reported on the statement of financial position as of that date is
A) R$1,240,000.
B) R$5,200 000.
C) R$5,400 000.
D) R$7,400.000.
Correct Answer:
Verified
Q119: A dividend is
A) a distribution of the
Q120: If total liabilities decreased by ¥35,000 and
Q121: McDonagal Inc. sold ordinary shares for £2,200,000.
Q122: Sao Paulo Company performed services on account
Q123: Burgundy Inc. purchased supplies on account for
Q125: As of June 30, 2014, Dallas Company
Q126: An investment of cash by an owner
Q127: The accounting equation for Gudgeyes Enterprises is
Q128: As of December 31, 2014, Deitrich Inc.
Q129: On November 4, Vivo Company performed services
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents