Oleander Corporation had total assets of ($1,200,000) on 31 December 20X3. On 31 December 20X4, total assets

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Oleander Corporation had total assets of $$1,200,000$ on 31 December 20X3. On 31 December 20X4, total assets had increased to $$1,400,000.$ Oleander’s statement of changes in equity disclosed the following amounts at the beginning and end of 20X4:

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Intermediate Accounting Volume 2

ISBN: 9780071338820

6th Edition

Authors: Thomas Beechy, Joan Conrod, Elizabeth Farrell, Ingrid McLeod-Dick

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Question Posted: May 19, 2024 02:05 AM

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Oleander Corporation had total assets of $ 1,200,000 on 31 December 20X3. At 31 December 20X4, total assets had increased to $ 1,400,000. Oleander's statement of changes in equity disclosed the...
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Oleander Corporation had total assets of ($1,200,000) on 31 December 20X3. On 31 December 20X4, total assets

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Class A shares Class B shares Contributed surplus Translation reserve (OCI). Hedge reserve (OCI) Retained earnings Total equity 31 December 20X4 $345,000 41,000 31 December 20X3 $285,000 41.000 7.500 6.000 (15.000) (5,000) (17,000) (1.000) 60,000 43,000 $433,500 $357,000

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Intermediate Accounting Volume 2

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