The balances of Ed Co's equity and reserves on 1 January 20X8 were as follows: Share capital - $75m Revaluation surplus - $5m Retained earnings ¢ $105m During the year ended 31 December 20X8. Ed Co reported total comprehensive income of $86m, of which 516m related to the revaluation of land and buildings. Dividends of $40m were paid. Required: Prepare the statement of changes in equity for the year ended 31 December

Answer rating: 100% (QA)

ED company Statement of changes in equity Sh... View the full answer