Net profit: 85000€ Retained earnings (profit) 31.12.2020: 24.000€ Regular Reserve 31.12.2020: 30.000€ Share Capital 31.12.2020: 125.000€ the approved interim dividend for the year 2021 is €20,000, which is due on 31.12.2021 Prepare the Statement of Changes in Equity.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 48BE
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Net profit: 85000€

Retained earnings (profit) 31.12.2020: 24.000€
Regular Reserve 31.12.2020: 30.000€

Share Capital 31.12.2020: 125.000€

the approved interim dividend for the year 2021 is €20,000, which is due on 31.12.2021

Prepare the Statement of Changes in Equity.

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