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Author Question: Describe the format of the statement of changes in shareholders' equity. What will be an ideal ... (Read 96 times)

AEWBW

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on: Jul 5, 2018
Describe the format of the statement of changes in shareholders' equity.
 
  What will be an ideal response?

Question 2

Sandra Wilson is paid one and one-half times the regular hourly rate for all hours worked in excess of 40 hours per week and double time for work on Sunday. Wilson's regular rate is 12 per hour. During the week ended July 3, she worked 9 hours each day from Monday through Friday, 6 hours on Saturday, and 4 hours on Sunday. Wilson's overtime earnings for the week ended July 3 are
 a. 180.
   b. 294.
   c. 360.
   d. 430.


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jonathanballen97

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Reply #1 on: Jul 5, 2018
Answer to Question 1

The statement of changes in shareholders' equity starts with a beginning balance of retained earnings. Net income is added or net loss is subtracted, and dividends are then subtracted in order to determine the ending balance. The statement also shows changes in contributed capital.

Answer to Question 2

b


AEWBW

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

alexanderhamilton

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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