Question 2 [26 marks] Zeta plc provided the following information at 31 December 2022: Share Capital...

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Question 2 [26 marks] Zeta plc provided the following information at 31 December 2022: Share Capital (1 ordinary shares) 100,000 General Reserve 10,000 Retained Earnings 50,000 Share premium 30,000 The following transactions completed by Zeta during the current fiscal year: On 1st March 2022 company issued 20,000 new shares at a price 1.50 each. On 31st June 2022 Zeta company reacquired 5,000 shares at its common stock at 2.0 each. On 31 September 2022 a dividend of 0.10 per share was paid. The profit for the year ended 31 December 2022 was 40,000. An amount of 5,000 was transferred to General Reserve. Required: 1. Prepare a statement of Changes in Owner's Equity of Zeta plc for the period ended 31st Dec 2022. Question 2 [26 marks] Zeta plc provided the following information at 31 December 2022: Share Capital (1 ordinary shares) 100,000 General Reserve 10,000 Retained Earnings 50,000 Share premium 30,000 The following transactions completed by Zeta during the current fiscal year: On 1st March 2022 company issued 20,000 new shares at a price 1.50 each. On 31st June 2022 Zeta company reacquired 5,000 shares at its common stock at 2.0 each. On 31 September 2022 a dividend of 0.10 per share was paid. The profit for the year ended 31 December 2022 was 40,000. An amount of 5,000 was transferred to General Reserve. Required: 1. Prepare a statement of Changes in Owner's Equity of Zeta plc for the period ended 31st Dec 2022.

Answer rating: 100% (QA)

To prepare a statement of changes in owners equity for Zeta plc for the period ending 31st December 2022 we need to account for all changes described ... View the full answer