Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Zylex plc provided the following information at 31 December 2022: - Share Capital (1 ordinary shares) 200,000 - General Reserve 15,000 - Retained Earnings 65,000

image text in transcribed

Zylex plc provided the following information at 31 December 2022: - Share Capital (1 ordinary shares) 200,000 - General Reserve 15,000 - Retained Earnings 65,000 - Share premium 30,000 The following transactions completed by Zylex during the current fiscal year: On 1st March 2022 company issued 30,000 new shares at a price 1.50 each. On 31 st June 2022 Zylex company reacquired 10,000 shares at its common stock at 1.7 each. On 31 September 2022 a dividend of 0.20 cent per share was paid. The profit for the year ended 31 December 2022 was 20,000. An amount of 10,000 was transferred to General Reserve. Required: 1. Prepare a statement of Changes in Owner's Equity of Zylex plc for the period ended 31 st Dec 2022

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Libbey Phillips Whitecotton

2nd Edition

1259240908, 978-1259240904

More Books

Students also viewed these Accounting questions