A company supplied the following information. | | $\$$ | | :--- | ---: | | issued and paid up share capital | 300000 | | general reserve | 45000 | | long-term bank loan | 8000 | | retained earnings | 35000 | | $6 \%$ debentures | 25000 | What is the total equity?
Explanation
The total equity is the sum of the issued and paid-up share capital, general reserve, and retained earnings, which is $300000 + $45000 + $35000 = $380000.
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