Prepare a Statement of Changes In Equity for this bu e end of the year.Ahmed's capital structure is at the beginning of the year is:-$000$1 Ordinary Shares5% Preference Shares of $120075Share Premium account80Retained Earnings160Revaluation Reserve70585The following took place within the year (in the order given):A one for one bonus issueA right issue of 100 000 ordinary shares of $1.00 each at $1.40 pershareInterim dividend paid of $5 000( Dividedequally between preference and ordinary shareholders)Profit for the year was $35 000$80 000 transferred to the General Reserve60% of Preference was redeemed at par using funds in the share premium account to financethe redemption.75% of the balance in Retained Earnings was transferred to Capital Redemption AccountAn asset which had cost $20 000 and with Net Book Value of $12 000, was revalued to $27 500.The directors recommended a $0.05 final dividend to be paid to the ordinary shareholders and acompletion of the balance dividend owed to the Preference Shareholders.

Statement of Changes in Equity it is important for the firm to manage the statement of changes…

Prepare a Statement of Changes In Equity for this bu e end of the year. Ahmed's capital structure is at the beginning of the year is- S000 $1 Ordinary Shares 5% Preference Shares of $1 Share Premium account Retained Earnings 200 75 80 160 Revaluation Reserve 70 585 The following took place within the year (in the order given):

Prepare a Statement of Changes In Equity for this bu e end of the year. Ahmed's capital structure is at the beginning of the year is- S000 $1 Ordinary Shares 5% Preference Shares of $1 Share Premium account Retained Earnings 200 75 80 160 Revaluation Reserve 70 585 The following took place within the year (in the order given):

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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