On January 1^st,2010,ABC Inc.,a publicly traded company,had the following Shareholder Equity balances: During 2010,the following took place:
ABC Inc earned net income of $120,000 and paid cash dividends in the amount of $20,000.
In addition,the company declared a stock dividend in the amount of $50,000.
Also during 2010,ABC experienced an unrealized foreign exchange gain of $50,000 upon translation of its foreign subsidiary's results.
Required: Prepare a Statement of Changes in Equity for ABC Inc.for 2010.

Question

On January 1^st,2010,ABC Inc.,a publicly traded company,had the following Shareholder Equity balances:

On January 1<sup>st</sup>,2010,ABC Inc.,a publicly traded company,had the following Shareholder Equity balances: During 2010,the following took place: ABC Inc earned net income of $120,000 and paid cash dividends in the amount of $20,000. In addition,the company declared a stock dividend in the amount of $50,000. Also during 2010,ABC experienced an unrealized foreign exchange gain of $50,000 upon translation of its foreign subsidiary's results. Required: Prepare a Statement of Changes in Equity for ABC Inc.for 2010.

During 2010,the following took place:
ABC Inc earned net income of $120,000 and paid cash dividends in the amount of $20,000.
In addition,the company declared a stock dividend in the amount of $50,000.
Also during 2010,ABC experienced an unrealized foreign exchange gain of $50,000 upon translation of its foreign subsidiary's results.
Required: Prepare a Statement of Changes in Equity for ABC Inc.for 2010.

Quizplus · Accepted Answer

The Answer of On January 1^st,2010,ABC Inc.,a publicly traded company,had the following Shareholder Equity balances: During 2010,the following took place: ABC Inc earned net income of $120,000 and paid cash dividends in the amount of $20,000. In addition,the company declared a stock dividend in the amount of $50,000. Also during 2010,ABC experienced an unrealized foreign exchange gain of $50,000 upon translation of its foreign subsidiary's results. Required: Prepare a Statement of Changes in Equity for ABC Inc.for 2010.

On January 1st,2010,ABC Inc

On January 1^st,2010,ABC Inc