HW On Statement of Changes in Equity
HW On Statement of Changes in Equity
HW On Statement of Changes in Equity
Problem 1
The data given pertains to Blunt Co.
Required: Prepare the statement of changes in equity for the year ended Dec. 31, 2020. Use the
following format:
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Problem 2
Lawson, Inc.’s equity section of its statement of financial position on Jan. 1, 2020 is as follows:
Account Amount
Preference shares, 9% cumulative, P50 par 12,500,000
Ordinary shares, P20 par 30,000,000
Share premium – preference 22,500,000
Share premium – ordinary 40,000,000
Share premium – treasury share transactions 15,000,000
Unrealized gain – FAFVOCI 2,500,000
Revaluation surplus 40,000,000
Retained earnings 65,000,000
Treasury shares (200,000 ordinary shares at (10,000,000)
cost)
Prepare Lawson’s statement of changes in shareholders’ equity for the year ended December 31, 2020.
August 2020
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