Question
Details relating to balances for the equity accounts of Intravalue Corporation, and changes to those balances are outlined in the following table. Note that AOCI
Details relating to balances for the equity accounts of Intravalue Corporation, and changes to those balances are outlined in the following table. Note that AOCI is accumulated other comprehensive income.
Balance or Changes | Amount ($000s) |
Common shares, 2017, January 1 | 50,000 |
Retained earnings, 2017, January 1 | 39,000 |
Contributed surplus, 2017, January 1 | 15,000 |
AOCI, 2017, January 1 | 900 |
Net income, 2017 | 11,500 |
Other comprehensive income, 2017 | 250 |
Dividends declared in 2017 | 900 |
Sale of common shares in 2017 | 17,000 |
Required:
Prepare a statement of changes in equity for the year ended December 31, 2017
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