Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Statement of Changes in Shareholders' Equity - Canadian Tire Inc. Consolidated Statement of Changes in Shareholders' Equity (Adapted) For the Year Ended January 28, 2018
Statement of Changes in Shareholders' Equity - Canadian Tire Inc. Consolidated Statement of Changes in Shareholders' Equity (Adapted) For the Year Ended January 28, 2018 Accum. Share Contrib. Comp. (in millions) Capital Surplus Loss Deficit Total Balance as at January 29, 2017 $ 420,4 $ 24.5 $ (2.1) (342.3) $ 100.5 Net Earnings 519.1 519.1 Other comprehensive income (loss) (30.1) (30.1) Issuance of Common shares 13.5 13.5 Repurchase and cancellation of common shares (21.1) (789.7) (810.8) Share-based compensation 6.2 Dividends (482) (482) Reclassfication for the exercise of 3.1 share options Balance as at January 28, $ 415,9 s 2018 276 $ (322) S (661.1) $ (249,8) 6.2 Print Done Question Help S8-14 (similar to) Use Canadian Tire's statement of changes in shareholders' equity to answer the following questions, (Click the icon to view the statement of changes in shareholders' equity.) 1. How much additional share capital did the issuance of shares raise during 2018? 2. What effect did the payment of dividends have on shareholders' equity during 2018? Requirement 1. How much additional share capital did the issuance of shares raise during 2018? (Enter amounts in millions as provided to you in the problem statement, X.X.) The issuance of shares raised $ million in share capital during 2018
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started