please help with statement of changes in shareholders equity ...
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please help with statement of changes in shareholders equity
The shareholders' equity accounts of Oriole Inc, at December 31.2023 , are as follows: Oriole has a 35% income tax rate. During the following fiscal year ended December 31,2024 , the company had the following transactions and events: Feb: 1 Repurchased 10,000 common shares for $40,000. July 12 Announced a 2 -for-1 preferred stock split. The market price of the preferred shares at the date of announcement was $150. Declared the annual cash dividend (\$1.50 post-split) to the preferred shareholders of record on January 10,2025. payable on January 31,2025. Dec: 18 Declared a 10X stock dividend to common shareholders of record at December 20, distributable on January 12. 2025. The fair value of the common shares was $10 per share. Dec 31 Determined that for 2024 , profit before income tax was $310,000 and other comprehiensive income, net of income tax expense of $38,500, was $71,500. PRIOLEINC. Inges in Shareholders' Equity December 31,2024
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