Thanks for any help! Exercise 11-10 The Paver Limited reported the following cha

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Thanks for any help!

Exercise 11-10 The Paver Limited reported the following changes to its shareholders' equity accounts for the year ended December 31, 2018 Accumulated other comprehensive income Retained earnings Balance, Jan. 1 Balance, Jan. 1 Other comprehensive income Balance, Dec. 31 $83,000 (24,000) e ncome $59,000 $1,647,000 363,000 Dividends declared 76,000) Balance, Dec. 31 Contibuted surplus: $1,934,000 Balance, Jan. 1 Common shares reaquired Balance, Dec. 31 $523,000 Common shares: (41,000) $482,000 Balance, Jan. 1 Shares issued $843,000 164,000 Shares reacquired (205,000) $802,000 Balance, Dec. 31

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Solution:

Statement of changes in Equity For year ended Dec 31,2018 Particulars Common shares Contributed surplus Retained Earnings Accumulated other comprehensive income Total Balance Jan 1 $843,000.00 $523,000.00 $1,647,000.00 $83,000.00 $3,096,000.00 Issued common shares $164,000.00 $164,000.00 Common shares reacquired -$205,000.00 -$41,000.00 -$246,000.00 Net Income $363,000.00 $363,000.00 Dividend declared -$76,000.00 -$76,000.00 Other comprehensive income -$24,000.00 -$24,000.00 Balance Dec 31 $802,000.00 $482,000.00 $1,934,000.00 $59,000.00 $3,277,000.00

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