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What is the total equity balance at june

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The income statement of Bell Holdings Ltd showed a profit of CU 180,000 for the year ended 30 June20X8. During the year the following transactions occurred.

(1) Equity dividends of CU 24,000.

(2) Capitalised borrowing costs of CU 40,000 were written off directly to retained earnings as aresult of a change in accounting policy.

(3) Property with a carrying amount of CU 70,000 was revalued to CU 135,000, which gave rise to additional depreciation of CU 13,000.The total equity balance brought forward at 1 July 20X7 from the statement of changes in equity was CU 2,125,000.

Question 1: In accordance with BAS 1 Presentation of Financial Statements what is the total equity balance at 30 June 20X8 in the statement of changes in equity?

Reference no: EM132606888

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