Monty Limited reported the following for 2023: sales revenue, $926,000; cost of sales, $762,000; operating expenses, $102,600; and unrealized gain on FV-OCI investments, $61,700. The company had January 1, 2023 balances as follows: common shares, $600,000; accumulated other comprehensive income, $310,000; and retained earnings, $926,000. The company did not issue any shares during 2023. On December 15, 2023, the board of directors declared a $300,000 dividend payable on January 31, 2024. Prepare a statement of changes in equity. Ignore income tax. Beginning Balance Comprehensive Income: Net Income /(Loss) Other Comprehensive Income Dividends Ending Balance $ $ Monty Limited Statement of Changes in Shareholders' Equity For the Year Ended December 31, 2023 Common Shares $ $ Retained Earnings $ $ Accumulated Other Comprehensive Income
Monty Limited reported the following for 2023: sales revenue, $926,000; cost of sales, $762,000; operating expenses, $102,600; and unrealized gain on FV-OCI investments, $61,700. The company had January 1, 2023 balances as follows: common shares, $600,000; accumulated other comprehensive income, $310,000; and retained earnings, $926,000. The company did not issue any shares during 2023. On December 15, 2023, the board of directors declared a $300,000 dividend payable on January 31, 2024. Prepare a statement of changes in equity. Ignore income tax. Beginning Balance Comprehensive Income: Net Income /(Loss) Other Comprehensive Income Dividends Ending Balance $ $ Monty Limited Statement of Changes in Shareholders' Equity For the Year Ended December 31, 2023 Common Shares $ $ Retained Earnings $ $ Accumulated Other Comprehensive Income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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pls answer the following question
Transcribed Image Text:Monty Limited reported the following for 2023: sales revenue, $926,000; cost of sales, $762,000; operating expenses, $102,600; and
unrealized gain on FV-OCI investments, $61,700. The company had January 1, 2023 balances as follows: common shares, $600,000;
accumulated other comprehensive income, $310,000; and retained earnings, $926,000. The company did not issue any shares during
2023. On December 15, 2023, the board of directors declared a $300,000 dividend payable on January 31, 2024.
Prepare a statement of changes in equity. Ignore income tax.
Beginning Balance
Comprehensive Income:
Net Income /(Loss)
Other Comprehensive Income
Dividends
Ending Balance
$
$
Monty Limited
Statement of Changes in Shareholders' Equity
For the Year Ended December 31, 2023
Common Shares
$
Retained Earnings
$
$
Accumulated Other
Comprehensive Income
Transcribed Image Text:Monty Limited reported the following for 2023: sales revenue, $926,000; cost of sales, $762,000; operating expenses, $102,600; and
unrealized gain on FV-OCI investments, $61,700. The company had January 1, 2023 balances as follows: common shares, $600,000;
accumulated other comprehensive income, $310,000; and retained earnings, $926,000. The company did not issue any shares during
2023. On December 15, 2023, the board of directors declared a $300,000 dividend payable on January 31, 2024.
Prepare a statement of changes in equity. Ignore income tax.
?
$
$
Monty Limited
Statement of Changes in Shareholders' Equity
For the Year Ended December 31, 2023
Common Shares
GA
$
$
Retained Earnings
$
$
Accumulated Other
Comprehensive Income
$
$
Total
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