Comprehensive Income Bryant Co. reports the following information for 2010: sales revenue $750,000; cost of good sold $500,000; operating expenses $80,000; and an unrealized holding loss on non-trading equity securities for 2010 of $50,000. It declared and paid a cash dividend of $10,000 in 2010.
Bryant Co. has January 1, 2010, balances in share capital—ordinary $350,000; accumulated other comprehensive income related to the unrealized holding loss of $80,000; and retained earnings $90,000. It issued no ordinary shares during 2010. Ignore income taxes.
Instructions
Prepare a statement of changes in equity.