The Statement of Changes in Equity of Amir Enterprises for the year ended 3 0 June 2
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Question:
The Statement of Changes in Equity of Amir Enterprises for the year ended June is given below:
Share Share Revaluation Revenue Retained Total
capital premium reserve reserve earnings
Balance at July
Changes in equity for
Proceed from share issue
Equity dividends paid
Total comprehensive income
for the year Revaluation on property
Transfer to general reserve
Balance at June
REQUIRED:
Based on the Statement of Changes in Equity, explain how the equity balance increases during the financial year?
Related Book For
Financial Accounting and Reporting
ISBN: 978-1292162409
18th edition
Authors: Barry Elliott, Jamie Elliott
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