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45.5A Developing Ltd has an authorised capital of 50,000, 10% preference shares of £1 each following balances remained in the ledger: £000 Share capital: fully paid-up: Preference Ordinary Loan notes 30 80 20 Share premium account General reserve Retained profits 2012 Net profit for 2013 Non-current assets Current assets Accounts payable 7. 3 27 140 50 19 The directors recommend: () that £10,000 be transferred to general reserve, (ii) payment of the preference dividend, (iii) an ordinary dividend of 15%. Required: Prepare a statement of changes in equity for 2013 and 31 December 2013. statement of financial position as at

45.5A Developing Ltd has an authorised capital of 50,000, 10% preference shares of £1 each following balances remained in the ledger: £000 Share capital: fully paid-up: Preference Ordinary Loan notes 30 80 20 Share premium account General reserve Retained profits 2012 Net profit for 2013 Non-current assets Current assets Accounts payable 7. 3 27 140 50 19 The directors recommend: () that £10,000 be transferred to general reserve, (ii) payment of the preference dividend, (iii) an ordinary dividend of 15%. Required: Prepare a statement of changes in equity for 2013 and 31 December 2013. statement of financial position as at

FINANCIAL ACCOUNTING
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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and 200,000 ordinary shares of 50p each. After preparation of the income statement for 2013, the shareholders' equity £000 Share capital: fully paid-up: Preference Ordinary Loan notes 30 80 20 Share premium account General reserve Retained profits 2012 Net profit for 2013 Non-current assets 3. 27 140 50 19 Current assets Accounts payable The directors recommend: (i) that £10,000 be transferred to general reserve, (ii) payment of the preference dividend, (iii) an ordinary dividend of 15%. Required: Prepare a statement of changes in equity for 2013 and a statement of financial position as at 31 December 2013.
Transcribed Image Text:and 200,000 ordinary shares of 50p each. After preparation of the income statement for 2013, the shareholders' equity £000 Share capital: fully paid-up: Preference Ordinary Loan notes 30 80 20 Share premium account General reserve Retained profits 2012 Net profit for 2013 Non-current assets 3. 27 140 50 19 Current assets Accounts payable The directors recommend: (i) that £10,000 be transferred to general reserve, (ii) payment of the preference dividend, (iii) an ordinary dividend of 15%. Required: Prepare a statement of changes in equity for 2013 and a statement of financial position as at 31 December 2013.
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