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4-b. What amount should be deduction from contributed capital? Deduction from contributed capital 4-c. What amount should be deduction from retained earnings? Deduction from retained earnings

4-b. What amount should be deduction from contributed capital? Deduction from contributed capital 4-c. What amount should be deduction from retained earnings? Deduction from retained earnings

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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4-b. What amount should be deduction from contributed capital? Deduction from contributed capital 4-c. What amount should be deduction from retained earnings? Deduction from retained earnings
Transcribed Image Text:4-b. What amount should be deduction from contributed capital? Deduction from contributed capital 4-c. What amount should be deduction from retained earnings? Deduction from retained earnings
Robinson Industries reported the following statement of shareholders' equity for the year ended 31 December 20X7: Other Contributed Reserve re: Preferred Capital (All Sources) 2,988 Common Unrealized Gains, Earnings Investments $ 98 Share Share Retained Capital $ 9,012 $ 5,047 11,504 (2,565) Capital Balance, January 1, 20X7 6,247 Issuance of common shares for cash Retirement of common shares (1,716) (1,614) (3,207) Costs associated with equity issue Stock dividend 634 Comprehensive income Retirement of preferred shares 3,545 (200) $ 4,771 43 (3,680) $ 18,585 $ 1,367 (556) Balance, 31 December 20X7 $ 716 $141
Transcribed Image Text:Robinson Industries reported the following statement of shareholders' equity for the year ended 31 December 20X7: Other Contributed Reserve re: Preferred Capital (All Sources) 2,988 Common Unrealized Gains, Earnings Investments $ 98 Share Share Retained Capital $ 9,012 $ 5,047 11,504 (2,565) Capital Balance, January 1, 20X7 6,247 Issuance of common shares for cash Retirement of common shares (1,716) (1,614) (3,207) Costs associated with equity issue Stock dividend 634 Comprehensive income Retirement of preferred shares 3,545 (200) $ 4,771 43 (3,680) $ 18,585 $ 1,367 (556) Balance, 31 December 20X7 $ 716 $141
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