The equity section of the statement of financial position of Lorenzo pleas at 30 September 2010 is
Question:
The equity section of the statement of financial position of Lorenzo pleas at 30 September 2010 is as follows (amounts in thousands of euro):
Additional information:
• Lorenzo plc issued 16,000 shares at EUR 5 each on 31 August 2010 for cash.
• A transfer of EUR 20,000 was made from retained earnings to other reserves.
• Comprehensive income for the year ended 30 September 2010 was EUR 288,000, including a revaluation gain of EUR 28,000 net of tax.
• Dividends for the year comprised interim dividends of EUR 100,000 and final dividends provided for EUR 120,000.
Prepare the statement of changes in equity of Lorenzo plc for the year ended 30 September 2010 in accordance with IAS 1 (revised).
Step by Step Answer:
Advanced Financial Accounting An International Approach
ISBN: 9780273712749
1st Edition
Authors: Jagdish Kothari, Elisabetta Barone