pls answer the following question Presented below is information which relates to Carla Vista Company, a Canadian public corporation traded on the Toronto StockExchange, for 2023.Net incomeRetained earnings, January 1, 2023Cash dividends declared on common sharesCorrection of calculation error depreciation understatement in 2019 (pre-tax)Gain on FV-OCI investments (net of tax)Proceeds from issuance of Carla Vista common sharesAccumulated other comprehensive income, January 1, 2023Carla Vista Companyatement of Shareholders' Equityhe Year Ended December 31, 2023$$Common Shares500000On January 1, 2023, Carla Vista had 20,000 common shares outstanding with a capital balance of $500,000. During the year, CarlaVista Company issued an additional 2,000 common shares.iPrepare in good form a statement of shareholders equity for the year ended December 31, 2023. Carla Vista's income tax rate is 20%.(Enter amounts that reduce account balances using either a negative sign preceding the number e.g. -25 or parentheses e.g. (25).)500000iii60000560000$$Retained Earnings790000-32000i$405,000790,000$32,000$459,000200,00060,00017,500Accumulated OtherComprehensive Income17500i17500ii200000i217500$$Total1307500-3200020000060000 Presented below is information which relates to Carla Vista Company, a Canadian public corporation traded on the Toronto StockExchange, for 2023.Net incomeRetained earnings, January 1, 2023Cash dividends declared on common sharesCorrection of calculation error depreciation understatement in 2019 (pre-tax)Gain on FV-OCI investments (net of tax)Proceeds from issuance of Carla Vista common sharesAccumulated other comprehensive income, January 1, 2023Beginning BalanceBeginning Balance as AdjustedDividends DeclaredOther Comprehensive Income$405,000Issuance of Shares790,000On January 1, 2023, Carla Vista had 20,000 common shares outstanding with a capital balance of $500,000. During the year, CarlaVista Company issued an additional 2,000 common shares.Ending Balance32,000Prepare in good form a statement of shareholders equity for the year ended December 31, 2023. Carla Vista's income tax rate is 20%.(Enter amounts that reduce account balances using either a negative sign preceding the number e.g. -25 or parentheses e.g. (25).)459,000200,00060,00017,500Common SharesNumber2000020000ii200022000Carla Vista CompanyStatement of Shareholders' EquFor the Year Ended December 31, 2023$tA$Common Shares500000500000ii60000560000

A statement of shareholder's equity seems to be a financial report that shows the value of a…

Presented below is information which relates to Carla Vista Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2023. Net income Retained earnings, January 1, 2023 Cash dividends declared on common shares Correction of calculation error depreciation understatement in 2019 (pre-tax) Gain on FV-OCI investments (net of tax) $405,000 790,000 32,000 459,000 200,000

Presented below is information which relates to Carla Vista Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2023. Net income Retained earnings, January 1, 2023 Cash dividends declared on common shares Correction of calculation error depreciation understatement in 2019 (pre-tax) Gain on FV-OCI investments (net of tax) $405,000 790,000 32,000 459,000 200,000

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter11: Stockholders' Equity

Section: Chapter Questions

Problem 11.7AP

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Lyon Company shows the following condensed income statement information for the year ended December 31, 2019: Lyon declared dividends of 6,000 on preferred stock and 17,280 on common stock. At the beginning of 2019, 10,000 shares of common stock were outstanding. On May 1, 2019, the company issued 2,000 additional common shares, and on October 31, 2019, it issued a 20% stock dividend on its common stock. The preferred stock is not convertible. Required: 1. Compute the 2019 basic earnings per share. 2. Show the 2019 income statement disclosure of basic earnings per share. 3. Draft a related note to accompany the 2019 financial statements.
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