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International Equity Reserves The company, based in the United Kingdom, has the following equity accounts: Retained...

International Equity Reserves

The company, based in the United Kingdom, has the following equity accounts:

Retained earnings $  900
Asset revaluation reserve    3,400
Par value of shares    110
Special reserve    380
Share premium    1,500
  Total equity $  6,290

Compute the amount of nondistributable and distributable equity. Show calculations please

Business   Accounting   
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Answer #1
Calculation OF THE nondistributable and distributable equity
PARTICULARS Non- Distributable Equity Distributable Equity
Retained Earning $                                 -   $                900
Asset Revalautation Reserve $                          3,400 $                   -  
Par Value of Shares $                              110 $                   -  
Special Reserve $                              380 $                   -  
Share Premium $                          1,500 $                   -  
TOTAL $                          5,390 $                900
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