HW on Statement of Changes in Equity

HW on Statement of Changes in Equity - HOMEWORK ON...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
HOMEWORK ON STATEMENT OF CHANGES IN EQUITY Problem 1 The data given pertains to Blunt Co. January 1, 2013 balances Preference share, P20 par value 400,000 Ordinary share, P10 par value 950,000 Share premium 220,000 Retained earnings free 900,000 Retained earnings appropriated for ordinary treasury shares 36,000 Treasury share ordinary (at cost), 6 000 shares 36,000 Transactions from January 1 to December 31, 2013 Issuance of preference share, 18 200 shares 364,000 Subscribed preference share, 10 500 shares 210,000 Subscriptions receivable preference 75,850 Preference share dividend 7 585 shares 151,700 Issuance of ordinary share, 74 500 shares 745,000 Subscribed ordinary share, 10 800 shares 108,000 Subscriptions receivable ordinary 55,800 Ordinary share dividend 18 390 shares 183,900 Share premium preference (40% on issued and 60% on subscribed) 112,200 Share premium ordinary (80% on issued and 20% on subscribed) 202,500 Share premium preference share dividend 37,925 Share premium ordinary share dividend 36,060 Share premium ordinary donated shares 12,250 Net income for the year 780,000
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern