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Presented below is information which relates to Crane Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2023. On January 1, 2023,
Presented below is information which relates to Crane Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2023. On January 1, 2023, Crane had 22,000 common shares outstanding with a capital balance of $550,000. During the year, Crane Company issued an additional 2,000 common shares. Prepare in good form a statement of shareholders equity for the year ended December 31, 2023. Crane's income tax rate is 20%. (Ente amounts that reduce account balances using either a negative sign preceding the number e.g. 25 or parentheses e.g. (25).) Crane Company Statement of Shareholders' Equity Common Shares Number Common Shares Retained Earnings $ $ On January 1, 2023, Crane had 22,000 common shares outstanding with a capital balance of $550,000. During the year, Crane Company issued an additional 2,000 common shares. Prepare in good form a statement of shareholders equity for the year ended December 31, 2023. Crane's income tax rate is 20%. (Ente amounts that reduce account balances using either a negative sign preceding the number e.g. -25 or parentheses e.g. (25).)
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