Question: Could you explain part (b)? Thanks. Question 2 (a) Prepare a statement of changes in equity for the year ended 30 June 2017. Total Shenzi

Could you explain part (b)? Thanks.

Question 2 (a) Prepare a statement of changes in equity for the year ended 30 June 2017. Total Shenzi Ltd Statement of Changes in Equity Share General Currency Capital Reserve Translation $'000 Reserve $'000 7,000 125 Retained Earnings $'000 For the Year ending 30 June 2017 Balance 1 July 2016 Operating Profit $'000 32 180 7,337 230 230 (65) (65) Comprehensive Income Cash Dividends (74) (74) Share Dividends (85) General Reserves 24 (24) 7,085 149 (33) 227 7.428 Balance 30 June 2017 (b) What would be the effect on Statement of Changes in Equity if the Share Dividend was declared on the 31st August 2017 instead of 12th June 2017? The share capital remains on $7,000,000 and Retained earnings would be $125,000. The balance at 30 June 2016 would remain the same at $7,337,000

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