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CFA Level 1
Financial Reporting and Analysis

Calculating Total Equity from Changes in Capital

Very Hard Financial Statements Statement Of Changes In Equity

Company DEF is preparing its Statement of Changes in Equity for the fiscal year ending December 31, 2023. During this period, the company issued 2,000 new shares, resulting in a cash inflow of $50,000. Additionally, the company recorded a net income of $120,000. However, a final dividend of $30,000 was declared and distributed. Furthermore, during the year, there was a revaluation surplus of $15,000 due to an increase in the market value of its land.

Based on these events, what is the total amount of equity attributable to shareholders reported in the Statement of Changes in Equity?

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