Gold Ltd had the following equity accounts at 1 July 2014: During the year ended 30 June

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Gold Ltd had the following equity accounts at 1 July 2014:

During the year ended 30 June 2015, the following occurred:

1. A profit of $40 000 was generated.

2. $8000 was transferred to the general reserve.

3. An interim dividend of 4c per share was declared and paid.

4. A final dividend of 6c per share was declared.

Required

Prepare a statement of the changes in retained earnings.

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Financial Accounting Reporting Analysis And Decision Making

ISBN: 9780730313748

5th Edition

Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong

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Question Posted: Sep 09, 2022 01:49 AM

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Gold Ltd had the following equity accounts at 1 July 2014: During the year ended 30 June

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Financial Accounting Reporting Analysis And Decision Making

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