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hi mike
for sep/dec 2015 Q1 statement of equity
how do you arrive at the share issue for share capital & other components the open balance in component is 2300 & issue is 7000 can you explain for me please
Share Other
capital components
of equity
$’000 $’000
Balance at 1 July 2014 20,000 2,300
Share issue 10,000 7,000 )
––––––– ––––––
Balance at 30 June 2015 30,000 9,300also when there is a impairment for fixed asset which one do you used to calculated from the carrying amount
the higher value
The figures from the question for share capital and for ‘other components’ are stated having recorded the issue of “10 million equity shares at their full market value of $1·70. The share premium on the issue was recorded in other components of equity.” (according to note (vii) in the question)
The figures in the trial balance AFTER recording that share issue are $30,000 and $9,300
So the figures BEFORE recording that share issue must have been $20,000 and $2,300 with increases of $10,000 and $7,000 respectively
“also when there is a impairment for fixed asset which one do you used to calculated from the carrying amount
the higher value”
I’m sorry, but I don’t understand your question. Where is there an impairment in the question Moston?
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