Question
ABC Cos equity as of December 31, 20x1 consists of the following: Share capital 1,000,000 Retained earnings 800,000 Cumulative unrealized gains on FVOCI securities 200,000
ABC Cos equity as of December 31, 20x1 consists of the following:
Share capital 1,000,000
Retained earnings 800,000
Cumulative unrealized gains
on FVOCI securities 200,000
Total shareholders equity 2,000,000
The following are the transactions during 20x1:
*Entity A issued additional shares with an aggregate par value of 400,000.
*Entity A reported total comprehensive income of 650,000. Profit for the year was 720,000.
*Entity A declared dividends of 200,000.
Requirement:
Prepare the Statement of Changes in Equity for the year- ended December 31,20x2.
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