Answered step by step
Verified Expert Solution
Question
1 Approved Answer
answer befor Tuesday Night please Current Attempt in Progress Blossom Supply Corporation provided the following schedule detailing the changes in the shareholders' equity accounts during
answer befor Tuesday Night please
Current Attempt in Progress Blossom Supply Corporation provided the following schedule detailing the changes in the shareholders' equity accounts during 2020 and 2021 2021 2020 Number of Shares Number of Shares Amount Amount Common shares, unlimited authorized 480,000 $576,000 480,000 $ 576,000 Balance, January 1 Issued shares for cash 48,000 31.000 Reacquired shares (24.000) (27.591) Balance, December 31 504.000 579,409 480.000 576.000 Contributed surplus-reacquisition of common shares Balance, January 1 14.500 14,500 14,500 14,500 7.700 0 22,200 14,500 172,500 182.000 Balance, January 1 Reacquired common shares Balance, December 31 Retained earnings Balance, January 1 Profit (los) Common dividends-Cash Balance, December 31 Accumulated other comprehensive income Balance, January 1 Other comprehensive income (loss) 21.500 19.500 (29,000 ( 20.000) 174,000 172.500 49,000 52.000 16.000 13,000 Balance, December 31 65.000 49.000 S 840,609 $ 812,000 Shareholders' equity, December 31 (a) Prepare the statement of changes in shareholders' equity for the year ended December 31, 2021. (Enter negative amounts using either a negative sign preceding the numberes.-45 or parentheses es. (451) BLOSSOM SUPPLY CORPORATION Statement of Changes in Shareholders' Equity Common Shares Contributed Surplus- Reacquisition of Common Shares Retained Earnings Accu Cor In $ Balance, January 1 Issued shares for cash Reacquired common shares Common Shares Contributed Surplus- Reacquisition of Common Shares Retained Earnings Accun Com Inc Balance, January 1 $ Issued shares for cash Reacquired common shares Cash dividends Comprehensive income Balance, December 31 $ Contributed Surplus- Reacquisition of Common Shares Retained Earnings Accumulated Other Comprehensive Income (Loss) Total $ $ Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started