At the beginning of the year, a company had total shareholders’ equity consisting of ¥200,000 in common share capital and ¥50,000 in retained earnings.
During the year, the following events occurred:
| ¥ | |
| Net income reported | 42,000 |
| Dividends paid | 7,000 |
| Unrealized loss on available-for-sale investments | 3,000 |
| Repurchase of company stock, to be held as Treasury stock | 6,000 |
The total shareholders’ equity at the end of the year is closest to:
A is correct.
