User Account

All Pages

Prepare statement of changes in equity

Assignment Help Accounting Basics
Reference no: EM132537511

Question - Waxfastic Corporation had the following balances on December 31, 2018, its year-end (in thousands): preferred shares $3,012; common shares $4,718; contributed surplus $1,750; retained earnings $16,791; and accumulated other comprehensive income $514.

During the year ended December 31, 2019 the company earned net income of $3,613,000, issued common shares for $30,000, and declared and paid dividends of $14,000 and $5,000 to preferred and common shareholders respectively. Waxfastic follows IFRS.

Required - Prepare statement of changes in equity for 2019, as well as the shareholders' equity section of the balance sheet.

Reference no: EM132537511

Questions Cloud

How does epidemiology relate to microbiology : If someone were an epidemiologist interviewing someone with an infectious disease that could lead to an epidemic, what are some questions they might ask?
Significance to the environment and the human body : Discuss biofilms with regard to their formation, unique properties, and significance to the environment and the human body.
Evolution of eukaryotes by means of endosymbiosis : Explain how Prokaryotes were involved in the evolution of Eukaryotes by means of endosymbiosis
What was ghi actual fixed overhead rate : What was GHI's actual fixed overhead rate? GHI uses a job-order costing system and applies overhead costs using direct labour hours.
Prepare statement of changes in equity : Required - Prepare statement of changes in equity for 2019, as well as the shareholders' equity section of the balance sheet
Compare and contrast the biosynthesis of dna viruses : 1. In light of the emergence of Zika virus, discuss emerging infectious diseases.
Explain how the components of audit risk affected : Required - For each of the scenarios above, explain how the components of audit risk (inherent, control or detection risk) are affected
What were ghi overhead costs for the year : What were GHI's overhead costs for the year? GHI Inc. has commenced work on three jobs during its first year of operations Costs
Based on the gram stain and media selection : Based on the gram stain and media selection, describe how you would differentiate between the three most common nosocomial bacterial pathogens.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd