Question

The shareholders' equity section of the statement of financial position of Riley Lid at 30 June 2019 is as follows. 2019 2018 Share capital General reserve Foreign currency translation reserve Retained earnings 200000$160 000 40000 60000 160000 50000 74000 170000 $494000 $420 000 Additional information . Riley Ltd issued 16000 shares at $2.50 each on 31 May 2019 for cash. . A transfer of $10000 was made from retained earnings to the general reserve. . Comprehensive income for the year was $144 000, including a foreign currency translation gain of $14000 recognised in other comprehensive income. . Dividends paid during 2019 comprised: final dividend for 2018, $50000: interim dividend, $60000. Required: Prepare the statement of changes in equity of Riley Ltd for the year en with AASB 101 /IAS 1. ded 30 June 2019 in accordan

Answer 1

Riley Ltd
Statement of Changes in Equity
For the year ended 30 June 2019
	Share Capital	General Reserve	Foreign Currency Yranslation Reserve	Retained Earnings	Total
Balance at 30 June 2018	$160,000	$40,000	$60,000	$160,000	$420,000
Comprehensive income for the year ended 30 June 2019			14,000	130,000	144,000
Dividends				(110,000)	(110,000)
Transfer to general reserve		10,000		(10,000)
Issue of share capital	40,000				40,000
Balance at 30 June 2019	$        200,000	$     50,000	$      74,000	$       170,000	$       494,000