Instructionsa. Prepare a comprehensive income statement for 2022 using the one statement approach.b. Prepare a retained earnings statement for 2022.E4-18 (LO 5) (Changes in Equity) The equity section of Hasbro Ine, at January 1, 2022, was as follows.Share eapital-ordinary$300,000Accumulated other comprehensive incomeUnrealized holding gain on non-trading equity securities50,000Retained earnings20,000During the year, the company had the following transactions.1. Issued 10,000 shares at $3 per share.2. Dividends of $9,000 were declared and paid.3. Net income for the year was $100,00o.4. Unrealized holding loss of $5,000 occurred on its non-trading equity securities.InstructionsPrepare a statement of changes in equity for Hasbro Inc.

Equity shares are basically of long term purposes for a company and also its a main source of income…

E4.18 (LO 5) (Changes in Equity) The equity section of Hasbro Ine, at January 1, 2022, was as follows. Share capital ordinary Accumulated other comprehensive income Unrealized holding gain on non-trading equity securities $300,000 50,000 Retained earnings 20,000 During the year, the company had the following transactions. 1. Issued 10,000 shares at $3 per share. 2. Dividends of $9.000 were declared and paid. 3. Net income for the year was $100,00o. 4. Unrealized holding loss of $5,000 occurred on its non-trading equity securities. Instructions Prepare a statement of changes in equity for Hasbro Inc.

E4.18 (LO 5) (Changes in Equity) The equity section of Hasbro Ine, at January 1, 2022, was as follows. Share capital ordinary Accumulated other comprehensive income Unrealized holding gain on non-trading equity securities $300,000 50,000 Retained earnings 20,000 During the year, the company had the following transactions. 1. Issued 10,000 shares at $3 per share. 2. Dividends of $9.000 were declared and paid. 3. Net income for the year was $100,00o. 4. Unrealized holding loss of $5,000 occurred on its non-trading equity securities. Instructions Prepare a statement of changes in equity for Hasbro Inc.

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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