Required: Prepare a statement of changes in equity for Argon Enterprises Inc. for the year ended 31 December 20X3. The company declared no dividends during either 20X2 or 20X3. (Enter answer in thousands, not in million or in whole Canadian dollars. Negative amounts should be indicated by a minus sign.) Balance, 31 Dec 20X2 Net profit Capital Stock Argon Enterprises Inc. Statement of Changes in Equity Year Ended 31 December 20X3 (amounts in thousands of Canadian dollars) Share Capital Contributed Surplus Retained Earnings CCTD Accumulated OCI Cash Flow Hedges Assets AFS Financial Actuarial Gains and Losses Total

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Required:
Prepare a statement of changes in equity for Argon Enterprises Inc. for the year ended 31 December 20X3. The company declared no
dividends during either 20X2 or 20X3. (Enter answer in thousands, not in million or in whole Canadian dollars. Negative amounts
should be indicated by a minus sign.)
Balance, 31 Dec 20X2
Net profit
Currency changes
Mark-to-market adj.
Actuarial gains
Cash flow hedges
Balance 31 Dec 20X3
Capital
Stock
Argon Enterprises Inc.
Statement of Changes in Equity
Year Ended 31 December 20X3
(amounts in thousands of Canadian dollars)
Share Capital
Contributed
Surplus
Retained
Earnings
CCTD
Accumulated OCI
Cash Flow
AFS
Financial
Hedges Assets
Actuarial
Gains and
Losses
Total
4
Transcribed Image Text:Required: Prepare a statement of changes in equity for Argon Enterprises Inc. for the year ended 31 December 20X3. The company declared no dividends during either 20X2 or 20X3. (Enter answer in thousands, not in million or in whole Canadian dollars. Negative amounts should be indicated by a minus sign.) Balance, 31 Dec 20X2 Net profit Currency changes Mark-to-market adj. Actuarial gains Cash flow hedges Balance 31 Dec 20X3 Capital Stock Argon Enterprises Inc. Statement of Changes in Equity Year Ended 31 December 20X3 (amounts in thousands of Canadian dollars) Share Capital Contributed Surplus Retained Earnings CCTD Accumulated OCI Cash Flow AFS Financial Hedges Assets Actuarial Gains and Losses Total 4
On 31 December 20X2, the balances of Argon Enterprises Inc.'s shareholders' equity accounts were as follows (all are credit balances):
Capital stock
Contributed surplus
Retained earnings
Currency translation differences.
Mark-to-market adjustments on available for sale investments
Cash flow hedges
Actuarial gains and losses
Argon's statement of comprehensive income for the year ending 31 December 20X3 showed the following amounts, from "net profit
for the year through "comprehensive income":
Net profit for the year.
Other comprehensive income (loss) net of applicable income tax:
Currency translation differences
$323,000
16,008
131,000
3,500
32,600
4,108
3,600
$513,800
Mark-to-market adjustments on available for sale investments
Actuarial gains (losses)
Cash flow hedges
Total other comprehensive loss for the year
Comprehensive income for the year
December
20x3
$ 52,900
(5,500)
(38,800)
3,100
(700)
$(41,900)
$ 11,000
December
20x2
$63, 100
3,500
9,200
(7,900)
(550)
$4,250
$67,358
Transcribed Image Text:On 31 December 20X2, the balances of Argon Enterprises Inc.'s shareholders' equity accounts were as follows (all are credit balances): Capital stock Contributed surplus Retained earnings Currency translation differences. Mark-to-market adjustments on available for sale investments Cash flow hedges Actuarial gains and losses Argon's statement of comprehensive income for the year ending 31 December 20X3 showed the following amounts, from "net profit for the year through "comprehensive income": Net profit for the year. Other comprehensive income (loss) net of applicable income tax: Currency translation differences $323,000 16,008 131,000 3,500 32,600 4,108 3,600 $513,800 Mark-to-market adjustments on available for sale investments Actuarial gains (losses) Cash flow hedges Total other comprehensive loss for the year Comprehensive income for the year December 20x3 $ 52,900 (5,500) (38,800) 3,100 (700) $(41,900) $ 11,000 December 20x2 $63, 100 3,500 9,200 (7,900) (550) $4,250 $67,358
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