Olmsted Company Has the Following Items: Share Capital-Ordinary, $720,000; Treasury

question 59

Multiple Choice

Olmsted Company has the following items: share capital-ordinary, $720,000; treasury shares, $85,000; deferred taxes, $100,000 and retained earnings, $363,000.What total amount should Olmsted Company report as shareholders' equity?

• A)$898,000.
• B)$998,000.
• C)$1,098,000.
• D)$1,198,000.

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Definitions:

Inner Ear

The innermost part of the ear, containing the cochlea, vestibule, and semicircular canals, which is essential for hearing and balance.

Frequency Theory

A theory explaining the perception of pitch that asserts neurons fire at the same rate as the frequency of an auditory stimulus.

Basilar Membrane

A key structure in the cochlea of the inner ear, which plays a crucial role in converting sound vibrations into neural signals.

Pitch Determination

The process of identifying the frequency of a sound, which dictates how high or low it appears to a listener.