Shown Below Is Information Relating to the Shareholders' Equity of Reeve

question 124

Multiple Choice

Shown below is information relating to the shareholders' equity of Reeve Corporation as of December 31, 2009:
$\begin{array}{lr}8 \% \text { non-cumulative preference share, } \$ 100 \text { par } & \$ 600,000 \\\text { Ordinary shares, } \$ 10 \text { par, } 500,000 \text { shares authorized, } 120,000 \text { shares issued } & 1,200,000 \\\text { and outstanding } &\\\text { Share premium: ordinary share } & 600,000 \\\text { Retained earnings (Deficit) } & (60,000) \end{array}$



-Refer to the above data. Total shareholders' equity is:

• A) $2,400,000.
• B) $2,460,000.
• C) $2,340,000.
• D) Some other amount.

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Definitions:

Random Access Memory

Random Access Memory (RAM) is a type of computer memory that can be accessed randomly, allowing data to be read and written in nearly the same amount of time irrespective of the memory location.

Main Memory

The primary storage or RAM (Random Access Memory) in a computer, where programs and data in current use are kept so they can be quickly reached by the computer's processor.

Basic Commands

Fundamental instructions or statements in programming that perform simple tasks, like input, output, or looping.

Arithmetic Operations

Basic mathematical operations such as addition, subtraction, multiplication, and division.