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Make the Statement of Changes in the Company Equity

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Reference no: EM132572947

Question - The company Estampados SAA begins operations for the 2019 financial year with the following balances for its equity items:

Capital stock 1,200,000

Additional capital 800,000

Legal reserve 184,000

Statutory Reserve 246,000

Accumulated Results 920,000

During the year 2020 the following operations take place:

1. On January 15, the general meeting of shareholders decides to distribute cash profits for S /. 350,000.

2. On July 30, the company capitalizes a debt payable of S /. 175,000.

3. On September 29, the company distributes dividends in shares for S /. 300,000.

4. As of December 31, the net profit for the year 2020 amounts to S /. 450,000.

5. On December 31, the company withdraws the Legal Reserve.

Required - Make the Statement of Changes in the Company's Equity for the financial year 2020?

Reference no: EM132572947

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