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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