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On January 1, 2021. Kraft Company had 75.000 common shares, recorded at $600,000. The company followy IFRS Assume the balance in Retained Earnings at the
On January 1, 2021. Kraft Company had 75.000 common shares, recorded at $600,000. The company followy IFRS Assume the balance in Retained Earnings at the beginning of the year is $400,000 and profit for the year was $185.000. During the year the following transactions occurred: Apr. 1 Issued 10.000 common shares at $10 per share. Declared a 5% stock dividend to shareholders of record on September 5, distributable on September 20. The shores were trading for $13.50 a share at this time. June 15 Sep 21 Announced a 2-for-1 stock split Shares were trading at $11.25 per share at the time Nov. 1 Issued 2.000.common shares at $3.70 per stare Dec 20 Repurchased 10,000 common shares for $5 per share. This was the heat time Hum had repurchased its own sures Dec 27 Paid cash dividends of $36.000. Prepare the Retained Earnings section only of the statement of changes in shareholders' equity Kraft Company Statement of Changes in Shareholders' Equity O Saale v Kraft Company Statement of Changes in Shareholders' Equity Reacquisiton of Shares Profit/ (Loss) Stock Dividend Balance, December 31 Cash Dividends Balance, January 1 le 12 10
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