The company issued long-term debt during 2020 that requires a retained earnings restriction of $72,00 $816,000...

 

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The company issued long-term debt during 2020 that requires a retained earnings restriction of $72,00 $816,000 Common shares, unlimited shares authorized, 70,000 shares issued and outstanding. 112,800 Retained earnings. a Share dividends declared but not distributed during 2020 totalled 7,000 shares capitalized for a totl of $84,000 a. Prepare a statement of changes in equity for the year ended December 31, 2020, assuming profit eamel during the year was $124,800. b. What is the maximum amount of dividends that the company can declare during 2021? The company issued long-term debt during 2020 that requires a retained earnings restriction of $72,00 $816,000 Common shares, unlimited shares authorized, 70,000 shares issued and outstanding. 112,800 Retained earnings. a Share dividends declared but not distributed during 2020 totalled 7,000 shares capitalized for a totl of $84,000 a. Prepare a statement of changes in equity for the year ended December 31, 2020, assuming profit eamel during the year was $124,800. b. What is the maximum amount of dividends that the company can declare during 2021?

Answer rating: 100% (QA)

aICE Industries Inc Statement Of Changes In Equity For The year ended 31dec2020 Comm... View the full answer