Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the shareholders' equity section of the statement

The shareholders' equity section of the statement of financial...

50.1K

Verified Solution

Question

Accounting

image
The shareholders' equity section of the statement of financial position of Riley Lid at 30 June 2019 is as follows. 2019 2018 Share capital General reserve Foreign currency translation reserve Retained earnings 200000$160 000 40000 60000 160000 50000 74000 170000 $494000 $420 000 Additional information . Riley Ltd issued 16000 shares at $2.50 each on 31 May 2019 for cash. . A transfer of $10000 was made from retained earnings to the general reserve. . Comprehensive income for the year was $144 000, including a foreign currency translation gain of $14000 recognised in other comprehensive income. . Dividends paid during 2019 comprised: final dividend for 2018, $50000: interim dividend, $60000. Required: Prepare the statement of changes in equity of Riley Ltd for the year en with AASB 101 /IAS 1. ded 30 June 2019 in accordan

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

You have been employed by Challenger Constructions as their first Chief Information Security Officer (CISO). You...

Civil Engineering
Q

Describe how banks create money. If the Bank of Canada wanted to use all three of...

Economics
Q

Monica's checkbook register balance is $456.98. She has written checks in the amounts of $10.00,...

Basic Math
Q

1 6 pts Based on past results found in the Information Please Almanac there is...

Statistics
Q

To produce x units of a religious medal costs C x 13x 60 The revenue...

Statistics
Q

Background Morris Saldov conducted a study in Eastern and Central Newfoundland in 1988 to examine...

Statistics
Q

Find f.f"(x) = ?2 + 12x - 12x, f(0) = 8, f'(0) = 14

Calculus
Q

John Bautista needs $23,800 in 10 years. Click here to view factor tables What amount...

Accounting
Q

Recording and Reporting Multiple Temporary Differences Lake Company shows the following results of operations on...

Accounting
Q

Choose If degree of operating leverage is 3, a 15% increase...

Accounting
Q

Exercise 2-24 (Algo) Computing net income LO P1 A company had the following assets and...

Accounting
Q

Cene news in which involve two otion Dentermine which option is open there we focions...

Finance