24 REQUIRED S Prepare th 5 Ignore income Lax. ement of Changes in Shareholders' Equity under IFRS.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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20
21
22
23
24
1
C
10
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15
7
11
They have provided the following information for their December 31, 2012 year and
Shareholders' Equity account balances at January 1, 2023 as follows
Common Shares
Accumulated Other Comprehensive income
Retained Earnings
Additional details relating to their Statement of Comprehensive Income for 2023
Revenue
Cost of Goods Sold
Other Expenses
Unrealized Loss on FV-OCI Investments
500,000
300,000
800,000
REQUIRED
25 Prepare th
26 Ignore income Lax.
27
1,000,000
500,000
16
17
18 They have also shared the following information relating to equity accounts:
Issued additional Common Shares during the year
19
Board of directors declared a dividend on December 20, 2023
Dividend is payable to Shareholders on January 31, 2024
Dividend amount
75,000
ement of Changes in Shareholders' Equity under IFRS.
45,000
200,000
90,000
Transcribed Image Text:20 21 22 23 24 1 C 10 12 13 14 15 7 11 They have provided the following information for their December 31, 2012 year and Shareholders' Equity account balances at January 1, 2023 as follows Common Shares Accumulated Other Comprehensive income Retained Earnings Additional details relating to their Statement of Comprehensive Income for 2023 Revenue Cost of Goods Sold Other Expenses Unrealized Loss on FV-OCI Investments 500,000 300,000 800,000 REQUIRED 25 Prepare th 26 Ignore income Lax. 27 1,000,000 500,000 16 17 18 They have also shared the following information relating to equity accounts: Issued additional Common Shares during the year 19 Board of directors declared a dividend on December 20, 2023 Dividend is payable to Shareholders on January 31, 2024 Dividend amount 75,000 ement of Changes in Shareholders' Equity under IFRS. 45,000 200,000 90,000
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