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urgent make sure all answers are correct thank you Culver Limited has two classes of shares outstanding: preferred ($4 dividend) and common. At Deceimber 31,
urgent make sure all answers are correct thank you
Culver Limited has two classes of shares outstanding: preferred (\$4 dividend) and common. At Deceimber 31, 2022, the following accounts and balances were included in shareholders' equity: The contributed surplus accounts arose from net excess of proceeds over cost on previous cancelfations of ahares of each respective class. The following transactions affected shareholders equity during 2023. Jan 1 Isued 23.000 preferred shares at $25 per share. Feb: 1 issued 45,000 common shares at $24 per share. June 1 Declared a 2 -for-1 stock split (common shares). Jufy 1 Purchased and retired 23.000 common shares at $15 per share. Dee 31 Net income is $2,000,000, comprehensive income is $1,950,000. Dec 31 The preferred dividend is declared, and a common dividend of 50.40 per share is declared. Dec. 31 The preferred dividend is declared, and a common dividend of $0.40 per share is declared. Assume that Culver follows IFRS. (a) Prepare the statement of changes in shareholders' equity for the company at December 31, 2023. (Enter negotive amounts using either a negative sign preceding the number eg. -45 or porentheses eg. (45). Round intermediate calculations to 2 decimal places, es. 52.75 and all other answers to 0 decimal places, e.s 5,275 .) CULVER LIMITED Statement of Changes in Shareholders' Equity hares Common Shares 24000000ShareCapital Number of Shares Contrib. Surplus - Preferred Cc Share Capital 5 5 4500000 s Surplus 1000000 24000000 4500000 4 Prepare the shareholders' equity section of the SFP for the company at December 31,2023 . Culver Limited has two classes of shares outstanding: preferred (\$4 dividend) and common. At Deceimber 31, 2022, the following accounts and balances were included in shareholders' equity: The contributed surplus accounts arose from net excess of proceeds over cost on previous cancelfations of ahares of each respective class. The following transactions affected shareholders equity during 2023. Jan 1 Isued 23.000 preferred shares at $25 per share. Feb: 1 issued 45,000 common shares at $24 per share. June 1 Declared a 2 -for-1 stock split (common shares). Jufy 1 Purchased and retired 23.000 common shares at $15 per share. Dee 31 Net income is $2,000,000, comprehensive income is $1,950,000. Dec 31 The preferred dividend is declared, and a common dividend of 50.40 per share is declared. Dec. 31 The preferred dividend is declared, and a common dividend of $0.40 per share is declared. Assume that Culver follows IFRS. (a) Prepare the statement of changes in shareholders' equity for the company at December 31, 2023. (Enter negotive amounts using either a negative sign preceding the number eg. -45 or porentheses eg. (45). Round intermediate calculations to 2 decimal places, es. 52.75 and all other answers to 0 decimal places, e.s 5,275 .) CULVER LIMITED Statement of Changes in Shareholders' Equity hares Common Shares 24000000ShareCapital Number of Shares Contrib. Surplus - Preferred Cc Share Capital 5 5 4500000 s Surplus 1000000 24000000 4500000 4 Prepare the shareholders' equity section of the SFP for the company at December 31,2023 Step by Step Solution
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