Answer:
Retained earnings - $86000
Add : Common Stock $16,000
Share premium (15-2) x 8000 = 13 x 8000 = $104,000
Jackson's total Stakeholders equity $34,000
Explanation:
A share premium account is to be reported in the shareholders’ equity area of the statement of financial position. The share premium account is the difference between the par value of the shares issued and the actual issue price. the share premium is also referred to additional paid in capital. we arrive at our answer by deducting the negative retained earnings from the value of the shares issued. it is clear that the shares are issued at a premium
