Kelbrook limited provided the following information. 1.The issue share capital consists of 180000 ordinary shares of $0.50 each 2. On 1 jan 2019: general reserve is $ 4,000. Retained earnings is $ 5,500 3. The profit for the year ended 31 December 2019 was $ 9,000. $ 2000 of this was transferred to the general reserve . 4. An interim dividend of $4,500 was paid during the year. No dividends were proposed at the end of the Required
Kelbrook limited provided the following information. 1.The issue share capital consists of 180000 ordinary shares of $0.50 each 2. On 1 jan 2019: general reserve is $ 4,000. Retained earnings is $ 5,500 3. The profit for the year ended 31 December 2019 was $ 9,000. $ 2000 of this was transferred to the general reserve . 4. An interim dividend of $4,500 was paid during the year. No dividends were proposed at the end of the Required
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Kelbrook
limited provided the following information.
1.The issue share capital consists of 180000 ordinary shares of $0.50 each
2. On 1 jan 2019:
general reserve is $ 4,000.
3. The profit for the year ended 31 December 2019 was $ 9,000. $ 2000 of this was transferred to the general reserve .
4. An interim dividend of $4,500 was paid during the year. No dividends were proposed at the end of the Required
Prepare Statement of changes and Equity Account
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