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3. Bo these la UI ECTIVE of changes in quity until 2020 Total Asian Food Specialties Inc. Statement of Changes in Shareholders' Equity For the

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3. Bo these la UI ECTIVE of changes in quity until 2020 Total Asian Food Specialties Inc. Statement of Changes in Shareholders' Equity For the Year Ended June 30, 2020 (in millions) Common Shares Retained Earnings Balance, June 30, 2019 455 shares outstanding $2,275 $1,702 Net income.. 540 Cash dividends. (117) Issuance of shares (5 shares) 50 Stock dividend (36 shares) 186 (186) Issuance of shares (2 shares). 20 Balance, June 30, 2020....... $2,531 $1,939 $3,977 540 (117) 50 20 $1,939 54.470 Requirements Answer these questions about Asian Food Specialties's shareholders' equity transactions Food Specialties report on the income statement? 2. What is the stated value of a common share at June 30, 2019? the year? dividend? P8-45A Asian Food Specialties Inc. reported the following statement of changes in share. holders' equity for the year ended June 30, 2020. The company was founded in 2017 3. At what price per share did Asian Food Specialties issue its common shares during 4. Asian Food Specialties's statement of changes in shareholders' equity lists the share and issued 455 million common shares. There had been no further share transactions 1. If the company's income tax rate is 33%, how much income before income tax did Asian transactions in the order in which they occurred. What was the percentage of the stock

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