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Prepare a statement of changes in shareholders' equity. P 1 4 . 9 A ( LO 5 ) AP The shareholders' equity accounts of Tmao
Prepare a statement of changes in shareholders' equity.
PA LO AP The shareholders' equity accounts of Tmao Inc. at December are as follows:
Tmao has a income tax rate. During the following fiscal year ended December the company had the following transactions and events:
Feb. Repurchased common shares for $
July Announced a for preferred stock split. The market price of the preferred shares at the date of announcement was $
Dec. Declared the annual cash dividend $ postsplit to the preferred shareholders of record on January payable on January
Declared a stock dividend to common shareholders of record at December distributable on January The fair value of the
common shares was $ per share.
Determined that for profit before income tax was $ and other comprehensive income, net of income tax expense of $
was $
Instructions
Prepare a statement of changes in shareholders' equity for the year ended December
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