CFA Level 1
Financial Reporting and Analysis
Calculating Change in Equity for ABC Global
Very Hard Financial Statements Statement Of Changes In Equity
ABC Global has prepared its Statement of Changes in Equity for the year ended December 31, 2023. The following transactions occurred during the year:
- Issued shares amounting to $100,000.
- Declared and paid dividends totaling $20,000.
- Reported a net income of $50,000.
- Effectively repurchased shares at a cost of $30,000.
Based on this information, what is the total change in equity for the year?
Hint
Submitted1.6K
Correct1.2K
% Correct79%