Question: Additional Problem 6 Presented below Is Information which relates to Crane Company, a Canadian publlc oorporation traded on the Toronto Stock Exchange, for 201?. Net

 Additional Problem 6 Presented below Is Information which relates to Crane

Company, a Canadian publlc oorporation traded on the Toronto Stock Exchange, for

Additional Problem 6 Presented below Is Information which relates to Crane Company, a Canadian publlc oorporation traded on the Toronto Stock Exchange, for 201?. Net Income $414,000 Retained earnings, January 1. 201? 8?0.000 Cash dividends declared on common shares 33,000 Correction of calculation error depreciation understatement In 2013 (ore-lax) 464,000 Galn from foreign currech transactions (net of tax) 24.000 Proceeds from issuance of Crane common shares 58.000 Accumulated other oomprehenslve Income. Januan,r 1. 201? 18,000 On January 1, 201?, Crane had 19,600 common shares ouEtanding with a capital balanoe 034510.000. DurIng Hie veal; Crane Company Issued an addltlnnal 2,600 common shares. Prepare In good form a statement of changes In equityr for 2017. 'lhe tax rate Is 30%. {Enter expenses and Jesus using clthnra negative Sign pruning the number my. 45 or parentheses 9.9. (45).) Crane Compa ny Statement of Shareholders' Equity!I common slum Accumulated Dllr Number Common Shares Retained Earnlngs Onmprallmlvo Income Tulal $ $ $ 5 u

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!