Greencastle Limited reported the following changes to its shareholders' equity accounts for the year ended December 31, 2021. Accumulated other comprehensive income: Balance, Jan. 1 Other comprehensive income Balance, Dec. 31 Contributed surplus: Balance, Jan. 1 Common shares repurchased Balance, Dec. 31 $93,000 (26,000) $67,000 $526,000 (42,000) $484,000 Retained earnings: Balance, Jan. 1 Net income Dividends declared Balance, Dec. 31 Common shares: Balance, Jan. 1 Shares issued Shares repurchased Balance, Dec. 31 $1,571,000 405,000 (75,000) $1,901,000 $723,000 187,000 (210,000) $700,000
Greencastle Limited reported the following changes to its shareholders' equity accounts for the year ended December 31, 2021. Accumulated other comprehensive income: Balance, Jan. 1 Other comprehensive income Balance, Dec. 31 Contributed surplus: Balance, Jan. 1 Common shares repurchased Balance, Dec. 31 $93,000 (26,000) $67,000 $526,000 (42,000) $484,000 Retained earnings: Balance, Jan. 1 Net income Dividends declared Balance, Dec. 31 Common shares: Balance, Jan. 1 Shares issued Shares repurchased Balance, Dec. 31 $1,571,000 405,000 (75,000) $1,901,000 $723,000 187,000 (210,000) $700,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Hi,
How do I solve this question?
Thank you
Transcribed Image Text:Prepare a statement of changes in equity for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Balance Jan. 1
Issued common shares
Common shares reacquired
Net income
Dividends declared
Other comprehensive income
Balance Dec. 31
$
Common
Shares
$
THE GREENCASTLE LIMITED
Statement of Changes in Equity
Contributed
Surplus
$
Retained
Earnings
$
Accumulated
Other
Comprehensive
Income
$
Total
Transcribed Image Text:Greencastle Limited reported the following changes to its shareholders' equity accounts for the year ended December 31, 2021.
Accumulated other comprehensive income:
Balance, Jan. 1
Other comprehensive income
Balance, Dec. 31
Contributed surplus:
Balance, Jan. 1
Common shares repurchased
Balance, Dec. 31
$93,000
(26,000)
$67,000
$526,000
(42,000)
$484,000
Retained earnings:
Balance, Jan. 1
Net income
Dividends declared
Balance, Dec. 31
Common shares:
Balance, Jan. 1
Shares issued
Shares repurchased
Balance, Dec. 31
$1,571,000
405,000
(75,000)
$1,901,000
$723,000
187,000
(210,000)
$700,000
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education