Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. e x2.14 sheldon plc's equity at 31 december 2046 w

e X2.14 Sheldon plc's equity at 31 December 2046 was as follows: E000s 200 Share...

90.2K

Verified Solution

Question

Accounting

image
e X2.14 Sheldon plc's equity at 31 December 2046 was as follows: E000s 200 Share capital (25p shares) Share premium account Retained earnings reserve Total equity 70 80 350 . During 2017, the following occurred, all of which are reflected in the statement of financial position at 31 December 2017: payment of the 20Y6 dividend of 25,000 in April 2017 (unapproved at 31 December 2016 and approved on 31 March 2017) a 1-for-5 rights issue @ 55p in June 2017 the company made a profit for the year to 31 December 2017 of 33,000 the factory (which had a cost price of 475,000 and had suffered depreciation of 75,000 to date) was revalued to 500,000. Prepare the company's statement of the changes in equity for the year ending 31 December 2017. [5]

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Keys Printing plans to issue 20-year non-callable bonds at par value. The bonds would pay a...

Finance
Q

Listen What do chloroplasts and mitochondria have in common that no other organelle contains What...

Biology
Q

Watch help video XZ is tangent to circle O at point X If m SXZ...

Geometry
Q

The population pyramid for China is shown below Which statement below is most likely to...

Statistics
Q

Assume that perimeter of a two dimensional shape is given with function f x OA...

Calculus
Q

Explain the 4 levels of organisational strategy that exist within an organisation such...

Accounting
Q

Delta Company produces a single product. The cost of producing and selling a...

Accounting
Q

Given the following information, calculate the break-even ratio on the following commercial property. Operating expenses:...

Accounting
Q

please show all formulars used to help me understand better.

Accounting
Q

Damaged goods of RM650 were returned to Account Payable-Zare Trading. * a.Debit Account Payable -Zara...

Accounting
Q

The Old English Garden Shop is a retail store that sells garden equipment, furniture, and...

Accounting
Q

Continental Corporation reported the following information for September: \table[[Sales revenue,$225000.00

Accounting