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Save Co. had the following information for its fiscal year ending December 31, 2023: Net income for 2023 $520,000 Retained earnings, January 1, 2023 210,000
- Save Co. had the following information for its fiscal year ending December 31, 2023: Net income for 2023 $520,000 Retained earnings, January 1, 2023 210,000 Cash dividends declared on common shares 60,000 Proceeds from issuance of common shares 145,000 On January 1, 2023, Save Co. had 100,000 common shares outstanding with a capital balance of $500,000. During the year, the company issued an additional 20,000 common shares. What is the balance of retained earnings on a statement of changes in equity under IFRS for the year ended December 31, 202?
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Auditing Cases An Interactive Learning Approach
Authors: Steven M Glover, Douglas F Prawitt
4th Edition
0132423502, 978-0132423502
