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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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