Help with Understanding Paid Up Capital (Reading Financial Statement)
Hello WSO,
I'm looking for some assistance in calculating the "unencumbered paid up capital" for this company:
Balance sheet shows:
Shareholder equity:
share capital 243,000
contributed surplus 65,000
accumulated other comprehensive income 300
retained earnings (210,000)
TOTAL 98,300
Share Capital Section:
Common shares outstanding 120,000,000 worth $245,000 at beginning of year
Share purchase loans ($2,000)
Common shares outstanding 120,000,000 worth $243,000 at end of year
From all of the reading I've been doing online, I'm getting $243,000 as the paid up capital (which equals share capital).
However, the shareholder equity is only $98,000.
Questions:
- Is the paid up capital equal to share capital?
- Is the PUC unecumbered? Is shareholder equity also unecumbered?
Thank you so much - I've been struggling to understand this on my own.
Ratione quod et ipsam. Ab ex magnam animi facilis facilis eaque. Magni placeat autem id non dicta iusto. Sint quod consequuntur repudiandae error nesciunt distinctio sit. Earum inventore dignissimos quo similique corporis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...