The equity section of Hasbro Inc. at January 1, 2010 was as follows. Share capit

Question

The equity section of Hasbro Inc. at January 1, 2010 was as follows. Share capital-ordinary $300,000 Accumulated other comprehensive income Unrealized holding gain on available-for-sale securities 50,000 Retained earnings 20,000 During the year, the company had the following transactions. 1. Issued 10,000 share at $3 per share. 2. Dividends of $9,000 were declared and paid. 3. Net income for the year was $100,000 4. Unrealized holding loss of $5,000 occurred on its available-for-sale securities. Prepare a statement of changes in equity for Hasbro Inc.. (If answer is zero please enter 0, do not leave any fields blank. If an amount reduces equity use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Explanation / Answer

Statement of Changes in Equity

Issue of Shares

10000*3

30000

Dividends declared

-9000

Net Income for the year

100000

Change in Unrealised holdings

-5000

Net Change in equity

116000

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Issue of Shares

10000*3

30000

Dividends declared

-9000

Net Income for the year

100000

Change in Unrealised holdings

-5000

Net Change in equity

116000

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