Reference no: EM132737635
Zinc Co.'s adjusted trial balance at December 31, 20x1, includes the following account balances:
Ordinary shares, 3 par - 600,000
Share premium - 800,000
Treasury stock, at cost - 50,000
Accumulated other comprehensive income (debit) - 20,000
Retained earnings appropriated for uninsured earthquake losses - 150,000
Retained earnings unappropriated - 200,000
Problem 1: What amount should Zinc report as total shareholders' equity in its December 31, 20x1, balance sheet? show the solution and explain.
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