Refer to the data given in BE11.10 for Luxat Corporation. Luxat had an unlimited number of common
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Refer to the data given in BE11.10 for Luxat Corporation. Luxat had an unlimited number of common shares authorized and 550,000 shares issued at December 31. Prepare the shareholders' equity section of its statement of financial position at December 31, 2018.
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LUXAT CORPORATION Statement of Changes in Equity Year Ended December 31, 2018 Contributed Capital Common Contributed RetainedAccumulated Shares Surplus Total Earnings Other Comprehensive Income Bal., Jan. 1 Issued common shares Declared and issued stock dividend Declared cash dividends Comprehensive ncome Net income Other comprehensive ncome $1,500,000$500,00O $3,00o,000 $100,000 $5,100,o00 2 110,000 131 [4 (135,000) (135,000) 750,000o [6] 25,ooo Bal., Dec. 31 $2,50,0007 $3.505,000 $125,000 [8]
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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