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Information on Shareholder's Equity as Currently Shown on the Books

question 20

Essay

Information on shareholder's equity as currently shown on the books of the Eaton plc is given as:
 Ordinary shares (£2.00 per value) £350,000 Additional  Paid in Capital 0 Retained Earnings 7,800,000\begin{array}{|l|l|}\hline \text { Ordinary shares }(£ 2.00 \text { per value) } & £ 350,000 \\\hline \text { Additional } \text { Paid in Capital } & 0 \\\hline \text { Retained Earnings } & 7,800,000\\\hline\end{array}

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