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Category > Business & Finance Posted 07 Jun 2017 My Price 6.00

Mower Ltd started in business on 1 April 2015

Mower Ltd started in business on 1 April 2015. Its issued share capital was 400,000 ordinary shares of £1 each and 100,000 6 per cent preference shares of £1 each. The following information is available;

• Its net profits for the first two years of business were: 2015/16 £200,000; 2016/17 £180,000.

• Preference dividends were paid for each of these years, whilst ordinary dividends were proposed as 2015/16 5 per cent and 2016/17 4 per cent.

• Transfers to general reserve took place: 2015/16 £40,000; 2016/17 £20,000.

Draw up a statement of changes in equity for each of the years ending 31 March 2016 and 2017.

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Alpha Geek
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Status NEW Posted 07 Jun 2017 06:06 AM My Price 6.00

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file 1496816893-2112730_1_636323638035477470_Statement-of-changes-in-Equity.xlsx preview (199 words )
21-----------127-----------30&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------510-----------817-----------Sta-----------tem-----------ent----------- of----------- Ch-----------ang-----------es -----------in -----------Equ-----------ity-----------Mow-----------er -----------Ltd----------- st-----------art-----------ed -----------in -----------bus-----------ine-----------ss -----------on -----------1 A-----------pri-----------l 2-----------015-----------. I-----------ts -----------iss-----------ued----------- sh-----------are----------- ca-----------pit-----------al -----------was----------- 40-----------0,0-----------00 -----------ord-----------ina-----------ry -----------sha-----------res----------- of----------- £-----------1 e-----------ach----------- an-----------d 1-----------00,-----------000----------- 6 -----------per----------- ce-----------nt -----------pre-----------fer-----------enc-----------e s-----------har-----------es -----------of -----------£1----------- ea-----------ch.----------- Th-----------e f-----------oll-----------owi-----------ng -----------inf-----------orm-----------ati-----------on -----------is -----------ava-----------ila-----------ble-----------;â€-----------¢ I-----------ts -----------net----------- pr-----------ofi-----------ts -----------for----------- th-----------e f-----------irs-----------t t-----------wo -----------yea-----------rs -----------of -----------bus-----------ine-----------ss -----------wer-----------e: -----------201-----------5/1-----------6 Â-----------£20-----------0,0-----------00;----------- 20-----------16/-----------17 -----------£1-----------80,-----------000-----------.â€-----------¢ P-----------ref-----------ere-----------nce----------- di-----------vid-----------end-----------s w-----------ere----------- pa-----------id -----------for----------- ea-----------ch -----------of -----------the-----------se -----------yea-----------rs,----------- wh-----------ils-----------t
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