As of December 31, 2011, Thames Company reported assets of ₤4,320,000, liabilities of ₤1,280,000 and retained earnings of ₤2,210,000.Share capital reported on the December 31, 2011 statement of financial position is

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The share capital can be calculated using the accounting equation: Assets = Liabilities + Share Capital + Retained Earnings. Rearranging gives Share Capital = Assets - Liabilities - Retained Earnings. Thus, ₤4,320,000 - ₤1,280,000 - ₤2,210,000 = ₤830,000.

As of December 31, 2011, Thames Company Reported Assets of ₤4,320,000