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QUESTION 5 Ayew Corporation reports under IFRS.On January 1, 2019 the balances in the equity section of their Statement of Financial Position totaled $130,000, consisting
QUESTION 5
Ayew Corporation reports under IFRS.On January 1, 2019 the balances in the equity section of their Statement of Financial Position totaled $130,000, consisting of:
Common Shares $100,000
Retained Earnings $20,000
Accumulated Other Comprehensive Income $10,000
At the end of 2019, Ayew reported net income of $25,000 and an "Other Comprehensive Holding Gain" of $10,000.Ayew also declared dividends of $15,000 for 2019.
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Statement of Changes in Shareholders' Equity for Ayew Corporation for 2019.
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