nsider the following information for X Corporation: • Retained earnings balance January 1, 2022, $121,500. • Share capital balance January 1, 2022, $27,000. • Net income for year 2022, $145,817. • Dividends declared and paid for year 2022, $53,275. • Additional share capital issued May 31, 2022, $4,000. Requirements: 1. Using the above information, prepare a formal Statement of Changes in Equity.

nsider the following information for X Corporation: • Retained earnings balance January 1, 2022, $121,500. • Share capital balance January 1, 2022, $27,000. • Net income for year 2022, $145,817. • Dividends declared and paid for year 2022, $53,275. • Additional share capital issued May 31, 2022, $4,000. Requirements: 1. Using the above information, prepare a formal Statement of Changes in Equity.

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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5. On December 31, 2019, an entity declared a cash dividend payable March 31, 2020.On December 31, 2019, the entity reported accumulated depletion of share capital of share premium of PI 500,000 and retained earnings of What arnount of liquidating dividend is included in the cash div:dend declared on December 31, 2019?
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REQUIRED: 1. What amount should be reported as unappropriated retained earnings at year-end?
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1. see image for the question and statmentchoices: a. 176,000b. 263,000c. 204,000d. 321,000
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please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
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