Alpaca Limited has the following balances at 31 December 2019: share capital of £25,000, share premium of £50,000, retained earnings at 1 January 2019 of £225,000 and a retained loss for the year to 31 December 2019 of £70,000. What is the total equity of Alpaca Limited at 31 December 2019?
A) £180,000
B) £230,000
C) £300,000
D) £370,000
Correct Answer:
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