The shareholders equity section of CSR Limiteds 2017 balance sheet is shown below. 1. Provide a reason

Question:

The shareholders’ equity section of CSR Limited’s 2017 balance sheet is shown below.

1. Provide a reason for the change in share capital.

2. Explain what is meant by non-controlling interests.

3. Retained profits have increased from $123.2 million to $191.6 million. What items would be used to reconcile these two figures?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting An Integrated Approach

ISBN: 9780170411028

7th Edition

Authors: Ken Trotman, Elizabeth Carson

See More Books

Question Posted: Aug 23, 2023 02:20 AM

See More Questions

The shareholders equity section of Golden Corporations comparative balance sheet at the end of 2010 and 2009 was presented as follows at a recent shareholders' meeting: The following items were also...
The annual report of Prodimax Ltd. for fiscal year 2014 included the financial statements for fiscal year 2013, which were restated to reflect the effects of a fraudulent action by a former employee....
Reproduced below is the shareholders equity section of the balance sheet of Locomotion Limited. 1. Briefly describe what information would be contained in note 23. 2. What is the difference between...
Addison, Inc. makes a single product, an indoor fireplace. Data for last year is as follows: Selling price per fireplace Manufacturing costs: Variable per unit produced: Direct materials Direct labor...
Share splits and share dividends may be used by a corporation to change the number of its shares outstanding. (a) What is meant by a share split effected in the form of a dividend? (b) From an...
Following is the preclosing trial balance for the General Fund of the City of Doyle. Required: Prepare in general journal form the closing entries for the General Fund of DoyleCity. Doyle City The...
The results of the knockout rule may seem unsatisfactory because potentially, neither party is getting what he wants. What could an offeror do to prevent the knockout rule from knocking out any of...
Ianthe Limited, a manufacturer of small tools, provided the following information from its accounting records for the year ended December 31, 2014: Additional information: 1. Included in the physical...
The story is rich dad poor dad chapter 3 1) What is rule #1? 2) What is an asset? Give 3 examples. 3) What is the difference between an asset and a liability? 4) According to "Rich Dad", when can a...
The CEO of Redstone Ltd has just been discussing a planned new debenture issue with the financial advisers, and has come to you with some resulting accounting questions. Consider the following: We...
Employees take their long service leave years and years into the future. Whether there is any long service leave depends on whether the employee keeps working for the company and how long the...
Two 28.0-cm-focal-length converging lenses are placed 16.5cm apart. An object is placed 36.0cm in front of one lens. Where will the final image formed by the second lens be located? What is the total...
Multiple Select Question Select all that apply Interviewing the entity's management, internal auditors, directors, audit committee, and other employees: Multiple select question. is a required audit...
CASE SCENARIO You are an HR professional at Headgames Inc., a manufacturer of helmet inserts. After six months in your role, the CEO, John Daily, questions you about the total cost of the workforce...
How does the phenomenon of political polarization exacerbate power struggles and hinder the prospects for constructive dialogue and consensus-building within pluralistic democracies?
Florence's Flowers is the only flower shop in a small town. Florence (the owner) has realised that the demand curve for people buying flowers for anniversaries differs from that for people buying...
When using the specific identification inventory method, cost of goods sold equals the ______. Multiple choice question. cost of the oldest item purchased cost of the newest item purchased cost of...
A disproportionation reaction involves a substance that acts as both an oxidizing agent and a reducing agent, producing higher and lower oxidation states of the same element in the products. Which of...
The relationship described in question 7 does not always appear to hold. What factors, besides the number of firms in the market, might affect margins?
Pacific Bank provides loans to businesses in the community through its Commercial Lending Department. Small loans (less than $100,000) may be approved by an individual loan officer, while larger...
Sergio Flores works at the drive-through window of Big & Bad Burgers. Occasionally when a drive-through customer orders, Sergio fills the order and pockets the customers money. He does not ring up...
Sergio Flores works at the drive-through window of Big & Bad Burgers. Occasionally when a drive-through customer orders, Sergio fills the order and pockets the customers money. He does not ring up...
Calculate the following for a 3 ft 4 ft window with the label to the right. The summer design conditions for peak cooling load are 70 and 60% RH inside; 90 and 90% outside; and a peak direct solar...
A beam of light travels from a vacuum into water at an angle of 45. The light has a frequency of 6.00 x 1014 Hz and travels at a speed of 2.26 x 108 m/s in water. The speed of light in a vacuum is...
31 g (20%) A three-mirror ring cavity has mirrors with R = R = 0.8 and R = 0.9 which are separated at 12 = 0.5 m and 123 = 3 = 0.3 m. A glass rod that has a length of 1 = 0.2 m and a refractive index...

The shareholders equity section of CSR Limiteds 2017 balance sheet is shown below. 1. Provide a reason

Question:

Net assets Equity Issued capital Reserves Retained profits Equity attributable to shareholders of CSR Limited Non-controlling interests Total equity Note 15 17 21 2017 $m 1 206.5 1 036.8 CSR Group (73.4) 191.6 1 155.0 51.5 1 206.5 2016 $m 1 317.2 1 041.1 20.4 123.2 1 184.7 132.5 1 317.2

Step by Step Answer:

1 Reason for the Change in Share Capital The change in share capital from 10411 million in 2016 to 10368 million in 2017 indicates a reduction in the ...View the full answer

Financial Accounting An Integrated Approach

Students also viewed these Business questions