International Equity Reserves
The company, based in the United Kingdom, has the following equity accounts:
Retained earnings |
$1,000 |
Asset revaluation reserve |
3,200 |
Par value of shares |
100 |
Special reserve |
400 |
Share premium |
1,700 |
Total equity |
$6,400 |
Compute the amount of (1) no distributable and (2) distributable equity.