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What amount should be reported as total shareholders equity

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Reference no: EM132494546

The adjusted trial balance of Bulacan on December 31, 2016 includes the following accounts:

Share capital                                            15,000,000

Share premium                                           5,000,000

Treasury shares, at cost                            2,000,000

Unrealized gain on AFS securities               1,000,000

Retained earnings unappropriated               6,000,000

Retained earnings appropriated                3,000,000

Revaluation Increment                           4.000,000

Cumulative translation adjustment - debit      2,500,000

Question 1: What amount should be reported as total shareholder's equity?

a. 27,500,000

b. 27,000,000

C. 30,000,000

d. 29,500,000

Reference no: EM132494546

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