Luxat Corporation reported the following statement of changes in equity accounts for the year ended December 31,
Question:
Luxat Corporation reported the following statement of changes in equity accounts for the year ended December 31, 2015.
Determine the missing amounts for items [1] to [8].
Transcribed Image Text:
LUXAT CORPORATION Statement of Changes in Equity Year Ended December 31, 2015 Additional Other Common Contributed Retalned Comprehensive Shares CapttalEarnings Income Total $1,500,000 S500,000 $3,000,000 $100,000 $5,100,000 Bal., Jan. 1 Issued common shares Declared and issued stock dividend Declared cash dividends Comprehenstve income 131 (135,000) 110,000 (135,000) Profit Other comprehensive income 750,000 25,000 Bal., Dec. 31 $2,050,0007 S3,505,000 $125,000S
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1 2050000 1500000 110000 440000 2 440000 same as 1 3 3505000 3000000 13...View the full answer
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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