Question 2 [26 marks] Zeta plc provided the following information at 31 December 2022: Share Capital...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Question 2 [26 marks] Zeta plc provided the following information at 31 December 2022: Share Capital (1 ordinary shares) 100,000 General Reserve 10,000 Retained Earnings 50,000 Share premium 30,000 The following transactions completed by Zeta during the current fiscal year: On 1st March 2022 company issued 20,000 new shares at a price 1.50 each. On 31st June 2022 Zeta company reacquired 5,000 shares at its common stock at 2.0 each. On 31 September 2022 a dividend of 0.10 per share was paid. The profit for the year ended 31 December 2022 was 40,000. An amount of 5,000 was transferred to General Reserve. Required: 1. Prepare a statement of Changes in Owner's Equity of Zeta plc for the period ended 31st Dec 2022. Question 2 [26 marks] Zeta plc provided the following information at 31 December 2022: Share Capital (1 ordinary shares) 100,000 General Reserve 10,000 Retained Earnings 50,000 Share premium 30,000 The following transactions completed by Zeta during the current fiscal year: On 1st March 2022 company issued 20,000 new shares at a price 1.50 each. On 31st June 2022 Zeta company reacquired 5,000 shares at its common stock at 2.0 each. On 31 September 2022 a dividend of 0.10 per share was paid. The profit for the year ended 31 December 2022 was 40,000. An amount of 5,000 was transferred to General Reserve. Required: 1. Prepare a statement of Changes in Owner's Equity of Zeta plc for the period ended 31st Dec 2022.
Expert Answer:
Answer rating: 100% (QA)
To prepare a statement of changes in owners equity for Zeta plc for the period ending 31st December 2022 we need to account for all changes described ... View the full answer
Related Book For
International Financial Reporting a practical guide
ISBN: 9781292439426
8th Edition
Authors: Alan Melville
Posted Date:
Students also viewed these accounting questions
-
For each transaction, indicate in which journal it should be recorded. Sales Journal Cash Receipts Journal Purchases Journal Cash Payments Journal General Journal Returned products to a supplier....
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Did you have imaginary friends when you were a young child? What do you remember about them and their value to you?
-
On December 27, 2016, Roberta purchased four tickets to a charity ball sponsored by the city of San Diego for the benefit of underprivileged children. Each ticket cost $200 and had a fair market...
-
Three concentric spherical shells r = 1, r = 2, and r = 3 m, respectively, have charge distributions 2, - 4, and 5 C/m2. (a) Calculate the flux through r = 1.5 m and r = 2.5 m. (b) Find D at r = 0.5,...
-
Describe covenant marriage.
-
A Cold Inc. is a frozen food distributor with 10 warehouses across the country. Iven Tory, one of the warehouse managers, wants to make sure that the inventory policies used by the warehouse are...
-
At the beginning of the year, Zesty Corporation purchased 10,000 shares of Scrumptious Company common stock for $80 per share. Scrumptious Company, which has issued 40,000 shares of stock, earned net...
-
Determine the gain or loss on the sale of Aloha and Baby Back stock on December 15, 2019, under each alternative situation below. a. Aloha stock was sold for $123,300, and Baby Back stock was sold...
-
Write a function that takes two matrices (say, A and B) as arguments and return the matrix multiplication of A and B. Recall that in matrix multiplication, let C = A B, then Cijk Aik Bkj. Notice that...
-
Building a blank can be the most blank of writing your business plan. It's also one of the most blank . Businesses that have a blank in place more prepared to pitch to investors, receive funding, and...
-
Webb Co., a publicly traded company, implemented a defined benefit pension plan for its employees on January 1, 2003. During 2003 and 2004, Webbs contributions fully funded the plan. The following...
-
How can I get the refund for the last payment as I am not going to need the access as I graduated already?
-
What is the issue is culture, beliefs, tradition, gender, race, or lack of support for a certain group of minority, implicit, explicit, and structural barriers keep people out of sport in the world....
-
A DC motor is used to lift up a weight of 1000 kg as shown in Figure (2). The motor speed is 900 rpm. Determine the load torque seen by the motor. Assume that the acceleration of gravity is 9.81 m/s2...
-
Show that, given a maximum flow in a network with m edges, a minimum cut of N can be computed in O(m) time.
-
The financial statements of R Ltd for the year to 30 April 2024 are as follows: Dividends of 1,000 (preference) and 20,000 (ordinary) were paid in the year. Required: Insofar as the information given...
-
On 1 May 2023, a company which prepares financial statements to 30 April each year issues 750,000 of 3% loan stock at a discount of 5%. Issue costs are 13,175. Interest is payable on 30 April each...
-
H Ltd began trading on 1 January 2019, preparing financial statements to 31 December each year. During 2022, the company decided to change its accounting policy with regard to one of its operating...
-
See the option quote on IBM from the CBOE Web site on the next page showing options expiring in March and April 2022. a. Which option contract had the most trades that day? b. Which option contract...
-
It is February 21, 2022, and you have decided to purchase 10 June call contracts on eBays stock with an exercise price of \($57.50.\) Because you are buying, you must pay the ask price. How much...
-
Two European call options with a strike price of \($50\) are written on two different stocks. Suppose that tomorrow, the low-volatility stock will have a price of \($50\) for certain. The...
Study smarter with the SolutionInn App