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Prepare statement of shareholders equity for the year

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Reference no: EM132545533

Baggins Ltd. reported the following balances at January 1, 2020:

Common shares         $370,000
Retained earnings .....70,000
Accumulated other comprehensive income ...........71,000

  • During the year Baggins earned net income of $310,000 and generated other comprehensive income of $64,000.

Question 1: Prepare statement of shareholders' equity for the year ended December 31

Reference no: EM132545533

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