The following information pertains to Wednesday Limited (WL) for the year ended 30 June 2019: (i)...

 

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The following information pertains to Wednesday Limited (WL) for the year ended 30 June 2019: (i) Shareholders' equity as at 1 July 2018: (ii) Share capital (Rs. 100 each) Share premium Retained earnings Revaluation surplus On 30 November 2018, WL issued 30% right Rs. 120 per share. (iii) Cash dividend and bonus shares for the last two years: Final dividend (iv) (v) Cash 18% Rs. in million 200 85 124 65 shares at a premium of For the year ended 30 June 2018 30 June 2019 *Declared with half yearly accounts Profit for the year amounted to Rs. 95 million. Revaluation surplus arising during the year amounted to Rs. 35 million whereas transfer of incremental depreciation for the year was Rs. 9 million. Bonus 25% *Interim dividend Bonus Cash 20% Required: Prepare WL's Statement of Changes in Equity for the year ended 30 June 2019. (Column for total and comparative figures are not required) 10% The following information pertains to Wednesday Limited (WL) for the year ended 30 June 2019: (i) Shareholders' equity as at 1 July 2018: (ii) Share capital (Rs. 100 each) Share premium Retained earnings Revaluation surplus On 30 November 2018, WL issued 30% right Rs. 120 per share. (iii) Cash dividend and bonus shares for the last two years: Final dividend (iv) (v) Cash 18% Rs. in million 200 85 124 65 shares at a premium of For the year ended 30 June 2018 30 June 2019 *Declared with half yearly accounts Profit for the year amounted to Rs. 95 million. Revaluation surplus arising during the year amounted to Rs. 35 million whereas transfer of incremental depreciation for the year was Rs. 9 million. Bonus 25% *Interim dividend Bonus Cash 20% Required: Prepare WL's Statement of Changes in Equity for the year ended 30 June 2019. (Column for total and comparative figures are not required) 10%

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Wednesday Limited Statement of changes in equity Fo... View the full answer