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CFA Level 1
Financial Reporting and Analysis

Total Increase in Equity Calculation

Hard Financial Statements Statement Of Changes In Equity

A publicly traded company, XYZ Corp, prepares its financial statements according to IFRS. In the current fiscal year, XYZ Corp reported:

  • Net income of $500,000
  • Dividends declared and paid of $100,000
  • A share issuance that raised $200,000
  • A prior year adjustment that increased retained earnings by $50,000

Given this information, what will be the total increase in equity reported on the Statement of Changes in Equity for the year?

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