Robinson Industries reported the following statement of shareholders' equity for the year ended 31 December 20X7: Other Contributed Reserve re: Capital (All Sources) Common Preferred Unrealized Share Share Retained Capital $ 9,012 $ 5,047 Gains, Earnings Investments $ 98 Capital Balance, January 1, 20X7 2,988 6,247 Issuance of common shares for cash 11,504 (2,565) Retirement of common shares (1,716) Costs associated with equity issue Stock dividend (1,614) (3,207) 634 Comprehensive income Retirement of preferred shares 3,545 43 (3,680) $ 18,585 $ 1,367 $ (556) (200) Balance, 31 December 20X7 716 $ 4,771 $141

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Robinson Industries reported the following statement of shareholders' equity for the year ended 31 December 20X7:
Other
Contributed
Reserve re:
Preferred
Capital
(All
Sources)
2,988
Common
Unrealized
Gains,
Earnings Investments
$ 98
Share
Share
Retained
Capital
$ 9,012 $ 5,047
11,504
(2,565)
Capital
Balance, January 1, 20X7
6,247
Issuance of common shares for cash
Retirement of common shares
(1,716)
(1,614)
(3,207)
Costs associated with equity issue
Stock dividend
634
Comprehensive income
Retirement of preferred shares
3,545
(200)
$ 4,771
43
(3,680)
$ 18,585 $ 1,367
(556)
Balance, 31 December 20X7
$
716
$141
Transcribed Image Text:Robinson Industries reported the following statement of shareholders' equity for the year ended 31 December 20X7: Other Contributed Reserve re: Preferred Capital (All Sources) 2,988 Common Unrealized Gains, Earnings Investments $ 98 Share Share Retained Capital $ 9,012 $ 5,047 11,504 (2,565) Capital Balance, January 1, 20X7 6,247 Issuance of common shares for cash Retirement of common shares (1,716) (1,614) (3,207) Costs associated with equity issue Stock dividend 634 Comprehensive income Retirement of preferred shares 3,545 (200) $ 4,771 43 (3,680) $ 18,585 $ 1,367 (556) Balance, 31 December 20X7 $ 716 $141
2. Earnings were $4,578. How much is comprehensive income?
Comprehensive income
3. What amount was paid to retire common shares during the year?
Common shares
4-a. What amount was paid to retire preferred shares during the period?
Preferred shares
Transcribed Image Text:2. Earnings were $4,578. How much is comprehensive income? Comprehensive income 3. What amount was paid to retire common shares during the year? Common shares 4-a. What amount was paid to retire preferred shares during the period? Preferred shares
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