20212223241C1012131415711They have provided the following information for their December 31, 2012 year andShareholders' Equity account balances at January 1, 2023 as followsCommon SharesAccumulated Other Comprehensive incomeRetained EarningsAdditional details relating to their Statement of Comprehensive Income for 2023RevenueCost of Goods SoldOther ExpensesUnrealized Loss on FV-OCI Investments500,000300,000800,000REQUIRED25 Prepare th26 Ignore income Lax.271,000,000500,000161718 They have also shared the following information relating to equity accounts:Issued additional Common Shares during the year19Board of directors declared a dividend on December 20, 2023Dividend is payable to Shareholders on January 31, 2024Dividend amount75,000ement of Changes in Shareholders' Equity under IFRS.45,000200,00090,000

The statement of changes in equity is a reconciliation of the beginning and ending balances in a…

Answered: 24 REQUIRED S Prepare th 5 Ignore…

Business

Accounting

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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Question

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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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