Question

36140 201830/F2018-1235-Statem uity question- Homework Question.xlsx ACCT 1235-Chapter 9 Homework Question (Statement of Shareholders' Equity) Dec 31, 2017 Balances (from Balance Sheet) Common Shares Accumulated other comprehensive income Retained earnings 300,000 issued $5,100,000 $4,500,000 $1,200,000 $10,800,000 Total Net income for the year $700,000 Other comprehensive income for they year Issued common shares: Stock dividends declared and distributed: Cash dividend paid of $35,000 $15 /share issued at 50,000 7% when the market price was $17 /share $2/share Required: 1) Prepare statement of changes in shareholders equity for ABC corp for the year ended Dec 31, 2018. Please include column for number of common shares. 2) Show what the Shareholders Equity section of the balance sheet will look like on Dec 31, 2018

Answer 1

ABC Conp Starement af shaneholdens Equity For the year ended DeC, 3/ 2018 Common Addifonal Stock Accumulaed Retained aningg PanCAiculans Total shaninddont Eqitey paid-in-Capital other comprahen sive income Balance on Januang 1 3 000 o00 21oo 0o0 u500 o00 2a18 (see nate- Net income forr the 4eare 0ther Comprtehensive n conve fonn me ytar 1200 coo 10 800 000 $ 100 00o 1 00 00 S 35, o00 35,000 ISSUE of, Common Shanes (seenote-2 $ 500 coo 250 000 7 50 000 Cash dividends 6 00 a00 00 coo) 00000 7 $2 fen shane Stock dividends See note-3 $2 10 ooo 1000 $35000 $ 37100002494000 u535, a00 alanca asat pec, 3 $q43 000 1l G85, 000

woringnole opening Common Stock (300 000 x$ 10 balance of f1.Jan 201 S 3 000, 000 Additional paid-in-carilal 100 0oo 3 00 000 x 12-10) Stock aneissued at par 3 1o Common Stock eaual the product of number of shanes issud and the Stared Phice cash recaived Stocr ampunt capital of he hane The ences Of aven the Credi to Common goes to addional paid-in 1t pen shane 5100 ooo 300 000 Common stck $10 So additional paidin capitaj and balaee Commen Shanes 5o00oshares@sis 1ssue of 2 50000 (5 000 y $15) Cash Common steck (50000) Additional Paid-in-capital (50000 7 $5 5o0 000 250 000

Stock dividend dedaned and distribuged declaned and di'stmiketel Stock dividend 1 3 00,00 0 X $ 357 000 So, Common Stock (300000 Xx $10 210 000 Pdditional paidin-capital $ 147 000 (300000x 7 $9) Lv -Li 1 a a g JeNAG Bye

(29 ABe Cone alanu shur as on 3). Dte 2012 Shanunolden's e4ty moant ( Cammen StocK Additonal paia- in-capita $37 lo o00 $24 97 000 Accumulased ohen Compuhentiv Income Rehained tannthay $4535 000 9u3,000 $1685000 Toral shaneholdent Equit