Net profit: 85000€ Retained earnings (profit) 31.12.2020: 24.000€ Regular Reserve 31.12.2020: 30.000€ Share Capital 31.12.2020: 125.000€ the approved interim dividend for the year 2021 is €20,000, which is due on 31.12.2021 Prepare the Statement of Changes in Equity.
Net profit: 85000€ Retained earnings (profit) 31.12.2020: 24.000€ Regular Reserve 31.12.2020: 30.000€ Share Capital 31.12.2020: 125.000€ the approved interim dividend for the year 2021 is €20,000, which is due on 31.12.2021 Prepare the Statement of Changes in Equity.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 48BE
Related questions
Question
Net profit: 85000€
Regular Reserve 31.12.2020: 30.000€
Share Capital 31.12.2020: 125.000€
the approved interim dividend for the year 2021 is €20,000, which is due on 31.12.2021
Prepare the Statement of Changes in Equity.
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 with 1 images
Recommended textbooks for you
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning