Parfait Limited reported the following for 2023: sales revenue, $900,000; cost of sales, $750,000; operating expenses, $100,000;
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Parfait Limited reported the following for 2023: sales revenue, $900,000; cost of sales, $750,000; operating expenses, $100,000; and unrealized gain on FV-OCI investments, $60,000. The company had January 1, 2023 balances as follows: common shares, $600,000; accumulated other comprehensive income, $250,000; and retained earnings, $900,000. The company did not issue any shares during 2023. On December 15, 2023, the board of directors declared a $300,000 dividend payable on January 31, 2024. Prepare a statement of changes in equity. Ignore income tax.
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Parfait Limited Statement of Changes in Shareholders Equity For the Year Ended ...View the full answer
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Related Book For 
Intermediate Accounting Volume 1
ISBN: 9781119740469
13th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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