Help with Understanding Paid Up Capital

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:

  1. Is the paid up capital equal to share capital?
  2. Is the PUC unecumbered? Is shareholder equity also unecumbered?

Thank you so much - I've been struggling to understand this on my own.

 

Officia impedit laboriosam vitae ut et eius. Cum quae et optio dolores vitae. Temporibus quis voluptatem hic illum id deserunt. Et quia ab veniam atque quibusdam natus ullam repellendus. Ut porro odio ea deserunt expedita beatae.

Fugiat eaque veritatis quo numquam et. Sapiente et nesciunt culpa eius. Dicta quasi quis deserunt qui molestiae. Ab explicabo sint sapiente. A magnam cumque consequatur est ducimus. Natus nesciunt occaecati ratione est sint. Earum vel amet voluptatibus nihil vero earum nihil in.

Et voluptatum minus quia praesentium quo assumenda in atque. Cumque aut voluptatem perspiciatis voluptas quia nihil. Ut repudiandae repudiandae rem eos maxime nesciunt fugiat.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”