Presented below is information which relates to Carla Vista Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2023. Net income Retained earnings, January 1, 2023 Cash dividends declared on common shares Correction of calculation error depreciation understatement in 2019 (pre-tax) Gain on FV-OCI investments (net of tax) Proceeds from issuance of Carla Vista common shares Accumulated other comprehensive income, January 1, 2023 图图图图图图 Common Shares Number On January 1, 2023, Carla Vista had 20,000 common shares outstanding with a capital balance of $500,000. During the year, Carla. Vista Company issued an additional 2,000 common shares. 20000 Prepare in good form a statement of shareholders equity for the year ended December 31, 2023. Carla Vista's income tax rate is 20%. (Enter amounts that reduce account balances using either a negative sign preceding the number e.g. -25 or parentheses e.g. (25).) 2000 Carla Vista Company Statement of Shareholders' Equity For the Year Ended December 31, 2023 i i 22000 $ $ Common Shares 500000 $405,000 790,000 32,000 50000 459,000 200,000 550000 60,000 $ 17,500 $ Retained Earnings 790000 405000 -32000 459000 i i 1622000 Accumulat Comprehensi $
Presented below is information which relates to Carla Vista Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2023. Net income Retained earnings, January 1, 2023 Cash dividends declared on common shares Correction of calculation error depreciation understatement in 2019 (pre-tax) Gain on FV-OCI investments (net of tax) Proceeds from issuance of Carla Vista common shares Accumulated other comprehensive income, January 1, 2023 图图图图图图 Common Shares Number On January 1, 2023, Carla Vista had 20,000 common shares outstanding with a capital balance of $500,000. During the year, Carla. Vista Company issued an additional 2,000 common shares. 20000 Prepare in good form a statement of shareholders equity for the year ended December 31, 2023. Carla Vista's income tax rate is 20%. (Enter amounts that reduce account balances using either a negative sign preceding the number e.g. -25 or parentheses e.g. (25).) 2000 Carla Vista Company Statement of Shareholders' Equity For the Year Ended December 31, 2023 i i 22000 $ $ Common Shares 500000 $405,000 790,000 32,000 50000 459,000 200,000 550000 60,000 $ 17,500 $ Retained Earnings 790000 405000 -32000 459000 i i 1622000 Accumulat Comprehensi $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Presented below is information which relates to Carla Vista Company, a Canadian public corporation traded on the Toronto Stock
Exchange, for 2023.
Net income
Retained earnings, January 1, 2023
Cash dividends declared on common shares
Correction of calculation error depreciation understatement in 2019 (pre-tax)
Gain on FV-OCI investments (net of tax)
Proceeds from issuance of Carla Vista common shares
Accumulated other comprehensive income, January 1, 2023
图图图图图图
Common Shares
Number
Toutheekreand Media
20000
On January 1, 2023, Carla Vista had 20,000 common shares outstanding with a capital balance of $500,000. During the year, Carla
Vista Company issued an additional 2,000 common shares.
2000
Prepare in good form a statement of shareholders equity for the year ended December 31, 2023. Carla Vista's income tax rate is 20%.
(Enter amounts that reduce account balances using either a negative sign preceding the number e.g.-25 or parentheses e.g. (25).)
Carla Vista Company
Statement of Shareholders' Equity
For the Year Ended December 31, 2023
i
i
i
22000
$
$
Common Shares
500000
50000
$405,000
790,000
i
550000
459,000
32,000
200,000
$
$
60,000
17,500
Retained Earnings
790000
405000
-32000
459000
i
i
1622000
Accumulat
Comprehensi
$
$
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