The shareholders equity section of CSR Limiteds 2017 balance sheet is shown below. 1. Provide a reason

Question:

The shareholders’ equity section of CSR Limited’s 2017 balance sheet is shown below.

1. Provide a reason for the change in share capital.

2. Explain what is meant by non-controlling interests.

3. Retained profits have increased from $123.2 million to $191.6 million. What items would be used to reconcile these two figures?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting An Integrated Approach

ISBN: 9780170411028

7th Edition

Authors: Ken Trotman, Elizabeth Carson

See More Books

Question Posted: Aug 23, 2023 02:20 AM

See More Questions

The shareholders equity section of Golden Corporations comparative balance sheet at the end of 2010 and 2009 was presented as follows at a recent shareholders' meeting: The following items were also...
The annual report of Prodimax Ltd. for fiscal year 2014 included the financial statements for fiscal year 2013, which were restated to reflect the effects of a fraudulent action by a former employee....
Reproduced below is the shareholders equity section of the balance sheet of Locomotion Limited. 1. Briefly describe what information would be contained in note 23. 2. What is the difference between...
Addison, Inc. makes a single product, an indoor fireplace. Data for last year is as follows: Selling price per fireplace Manufacturing costs: Variable per unit produced: Direct materials Direct labor...
Share splits and share dividends may be used by a corporation to change the number of its shares outstanding. (a) What is meant by a share split effected in the form of a dividend? (b) From an...
The following condensed statement of income of Helen Corporation, a diversified company, is presented for the two years ended December 31, 2008 and 2007: On January 1, 2008, Helen entered into an...
Under-absorption of production overheads is deducted while reconciling cost profit with financial profits.
Focal firms, distribution channel intermediaries, and facilitators each assume a different and critical role in the performance of international business transactions. Think about the degree of...
QUESTION 13 Questions 12-13 use the following Common Fact Pattern: Allen and Barbara, two equal partners that share profits and losses equally, own an LLC called All-Baba, LLC that is taxed as a...
The CEO of Redstone Ltd has just been discussing a planned new debenture issue with the financial advisers, and has come to you with some resulting accounting questions. Consider the following: We...
Employees take their long service leave years and years into the future. Whether there is any long service leave depends on whether the employee keeps working for the company and how long the...
Figure EX 7.13 shows two 1.0 kg blocks connected by a rope. A second rope hangs beneath the lower block. Both ropes have a mass of 250 g. The entire assembly is accelerated upward at 3.0 m/s 2 by...
Assume you have been given $400,000 CAD with access to all listed stocks, bonds, futures, and options worldwide. You can trade in options and futures, in combination with the underlying asset....
Charlene wrote a letter to Rachel offering to sell her car, a Proton Saga, for RM 60,000. The letter reached Rachel on 25. 11.2020. Rachel sent her letter of acceptance at 3 p.m. on the same day....
Data for the risk premium sensitivities (b, s, and h) as well as the beta coefficient for the CAPM of two companies are listed in the following table: Company b s h ERP SMBP HMLP Beta Alpha 1.1114...
Free-Response Questions 1. m Initial position eviribrA ARAL m Incline raised to 0 <0max pr A block of mass m is initially at rest on a rough board, which is initially horizontal on a tabletop. The...
A picture frame sits atop a bookshelf. When the bookshelf is bumped, the frame tumbles to the floor, landing after 0.64 s. How tall is the bookshelf?
The relationship described in question 7 does not always appear to hold. What factors, besides the number of firms in the market, might affect margins?
When an electric field is applied to a shallow bath of vegetable oil, why do tiny bits of thread floating in the oil align with the field like compasses in a magnetic field?
Pacific Bank provides loans to businesses in the community through its Commercial Lending Department. Small loans (less than $100,000) may be approved by an individual loan officer, while larger...
Sergio Flores works at the drive-through window of Big & Bad Burgers. Occasionally when a drive-through customer orders, Sergio fills the order and pockets the customers money. He does not ring up...
Sergio Flores works at the drive-through window of Big & Bad Burgers. Occasionally when a drive-through customer orders, Sergio fills the order and pockets the customers money. He does not ring up...
Docs Auto Body has budgeted the costs of the following repair time and parts activities for 2009: Doc's budgets 6,000 hours of repair time in 2009. A profit margin of $7 per labour hour will be added...
QUESTION 28 In a perpetual inventory system, the cost of inventory sold is: Debited to accounts receivable. Debited to cost of goods sold. O Not recorded at the time goods are sold. O Credited to...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $105,709 69,500 66,800 4,700 246,700 127,eee...

The shareholders equity section of CSR Limiteds 2017 balance sheet is shown below. 1. Provide a reason

Question:

Net assets Equity Issued capital Reserves Retained profits Equity attributable to shareholders of CSR Limited Non-controlling interests Total equity Note 15 17 21 2017 $m 1 206.5 1 036.8 CSR Group (73.4) 191.6 1 155.0 51.5 1 206.5 2016 $m 1 317.2 1 041.1 20.4 123.2 1 184.7 132.5 1 317.2

Step by Step Answer:

1 Reason for the Change in Share Capital The change in share capital from 10411 million in 2016 to 10368 million in 2017 indicates a reduction in the ...View the full answer

Financial Accounting An Integrated Approach

Students also viewed these Business questions