Below are details relating to balances for the equity accounts of Barrie Company and changes to those
Question:
Below are details relating to balances for the equity accounts of Barrie Company and changes to those balances (note that AOCI is accumulated other comprehensive income).
Required:
Prepare a statement of changes in equity for the years ended December 31, 2021 and 2022. The following format will be helpful for preparing this statement for each of the two years.
Transcribed Image Text:
Balances or changes Common shares, Jan. 1, 2021 Unappropriated retained earnings, Jan. 1, 2021 Appropriated retained earnings for sinking fund reserve, Jan. 1, 2021 AOCI from revaluations, Jan. 1, 2021 Net income for 2021 Retained earnings appropriated for sinking fund reserve during 2021 AOCI from revaluations in 2021 Dividends declared during 2021 Net income for 2022 Retained earnings appropriated for sinking fund reserve during 2022 AOCI from revaluations in 2022 Dividends declared during 2022 Amount ($000's) $20,000 11,000 2,000 1,000 3,000 1,300 500 1,000 4,000 400 (200) 1,200
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
ANSWER Statement of Changes in Equity for Barrie Company Years Ended December 31 2021 and 2022 Chang...View the full answer
Answered By
Churchil Mino
I have been a tutor for 2 years and have experience working with students of all ages and abilities. I am comfortable working with students one-on-one or in small groups, and am able to adapt my teaching style to meet the needs of each individual. I am patient and supportive, and my goal is to help my students succeed.
I have a strong background in math and science, and have tutored students in these subjects at all levels, from elementary school to college. I have also helped students prepare for standardized tests such as the SAT and ACT. In addition to academic tutoring, I have also worked as a swim coach and a camp counselor, and have experience working with children with special needs.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Below are details relating to balances for the equity accounts of PICSR Company and changes to those balances (note that AOCI is accumulated other comprehensive income). Required: Prepare a statement...
-
Below are details relating to balances for the equity accounts of Marks Photography Company and changes to those balances (note that AOCI is accumulated other comprehensive income). Required: Prepare...
-
The equity accounts of Feeling Alright Vitamin Limited as at January 1, 2014, were as follows: During 2014, the following transactions took place: Instructions Prepare a statement of changes in...
-
2. C. b. d. e. a. A proposed public project would produce the following pattern of individual benefits and costs. Revise only the cost shares of individuals C and E to meet the Pareto Criterion. (7...
-
Refer to Exercise 14.1. The researchers decide to use the following model, which relates the response variable y to the four instructional conditions. y = + i + ij for i = 1, 2, 3, 4 and j = 1, 2,...
-
In Exercises a parametrization is given for a curve. (a) Graph the curve. What are the initial and terminal points, if any? Indicate the direction in which the curve is traced. (b) Find a Cartesian...
-
Rockstar Games, a subsidiary of Take-Two Interactive, released the video game Grand Theft Auto V in 2013. The game features a character named Lacey Jonas, a self-proclaimed actress slash singer and...
-
After the accounts are closed on July 3, 2012, prior to liquidating the partnership, the capital accounts of Rebecca Adams, Austin Cooper, and Ricardo Ruiz are $22,400, $5,300, and $31,900,...
-
3. (L)Explain the four terms in the equation below, and why this equation has to be true by definition. Explain the assumption that allows us to use this equation to determine the agricultural...
-
1. What overall conclusions do you draw from this case? Explain your answer. 2. What is the biggest disconnect between retailers and their customers today? How could this be fixed? 3. What could...
-
Dellas Garden Delight Corp.s capital structure includes the following equity instruments: No par value common shares, 2,000,000 shares issued and outstanding Class A, non-cumulative preferred...
-
Fenwick Ltd. began operations in 2016. Its fiscal year-end is December 31. Components of the condensed balance sheet as at December 31, 2018, are as follows: During 2019, Fenwick had the following...
-
Sketch the regions of integration and evaluate the following integrals. 3xy dA; R is bounded by y = 2 - x, y = 0, and x = 4 - y in the first quadrant.
-
Ingram went to a used car lot in a large city and bought a used car. On his way home from the lot, the car that he had purchased broke down. The engine stopped running altogether. The used car lot...
-
What is the central bank of the United States and what functions does it perform?
-
Retail Workforce Could Face Permanent Decline The pandemic has caused seismic changes for the retail industry. Many stores permanently closed their doors as growing numbers of customers shifted to...
-
Describe the alternative measures of the unemployment rate.
-
Why are checks, debit cards, and credit cards not money?
-
Would the refraction of sound be possible if the speed of sound were unaffected by wind, temperature, and other conditions? Defend your answer.
-
A line l passes through the points with coordinates (0, 5) and (6, 7). a. Find the gradient of the line. b. Find an equation of the line in the form ax + by + c = 0.
-
IFRS identifies a number of criteria to determine whether an asset can be classified as current. Satisfying tiny one of these criteria is sufficient. For the following list of criteria, identify...
-
IFRS identifies a number of criteria to determine whether a liability should be classified as current. A liability that satisfies any one of these criteria must be classified as current. For the...
-
IFRS requires certain line items to be presented in the statement of comprehensive income (rather than just disclosed in the notes). Identify whether the following items are required in the statement...
-
Electric Game Plc is an energy company, providing energy throughout the West Midlands. During the year ended 31 March 2021, Electric Game acquired all the operations of Squid energy together with all...
-
You have decided to expand your business and will now value shares. Given the following information, what is the value of a share in AMS today using the following information: AMS Ltd will not pay...
Study smarter with the SolutionInn App