please help me to solve this question Required:Prepare a statement of changes in equity for Argon Enterprises Inc. for the year ended 31 December 20X3. The company declared nodividends during either 20X2 or 20X3. (Enter answer in thousands, not in million or in whole Canadian dollars. Negative amountsshould be indicated by a minus sign.)Balance, 31 Dec 20X2Net profitCurrency changesMark-to-market adj.Actuarial gainsCash flow hedgesBalance 31 Dec 20X3CapitalStockArgon Enterprises Inc.Statement of Changes in EquityYear Ended 31 December 20X3(amounts in thousands of Canadian dollars)Share CapitalContributedSurplusRetainedEarningsCCTDAccumulated OCICash FlowAFSFinancialHedges AssetsActuarialGains andLossesTotal4 On 31 December 20X2, the balances of Argon Enterprises Inc.'s shareholders' equity accounts were as follows (all are credit balances):Capital stockContributed surplusRetained earningsCurrency translation differences.Mark-to-market adjustments on available for sale investmentsCash flow hedgesActuarial gains and lossesArgon's statement of comprehensive income for the year ending 31 December 20X3 showed the following amounts, from "net profitfor the year through "comprehensive income":Net profit for the year.Other comprehensive income (loss) net of applicable income tax:Currency translation differences$323,00016,008131,0003,50032,6004,1083,600$513,800Mark-to-market adjustments on available for sale investmentsActuarial gains (losses)Cash flow hedgesTotal other comprehensive loss for the yearComprehensive income for the yearDecember20x3$ 52,900(5,500)(38,800)3,100(700)$(41,900)$ 11,000December20x2$63, 1003,5009,200(7,900)(550)$4,250$67,358

Shareholder's Equity Equity held by shareholders refers to the sum that a company's founders have…

Required: Prepare a statement of changes in equity for Argon Enterprises Inc. for the year ended 31 December 20X3. The company declared no dividends during either 20X2 or 20X3. (Enter answer in thousands, not in million or in whole Canadian dollars. Negative amounts should be indicated by a minus sign.) Balance, 31 Dec 20X2 Net profit Capital Stock Argon Enterprises Inc. Statement of Changes in Equity Year Ended 31 December 20X3 (amounts in thousands of Canadian dollars) Share Capital Contributed Surplus Retained Earnings CCTD Accumulated OCI Cash Flow Hedges Assets AFS Financial Actuarial Gains and Losses Total

Required: Prepare a statement of changes in equity for Argon Enterprises Inc. for the year ended 31 December 20X3. The company declared no dividends during either 20X2 or 20X3. (Enter answer in thousands, not in million or in whole Canadian dollars. Negative amounts should be indicated by a minus sign.) Balance, 31 Dec 20X2 Net profit Capital Stock Argon Enterprises Inc. Statement of Changes in Equity Year Ended 31 December 20X3 (amounts in thousands of Canadian dollars) Share Capital Contributed Surplus Retained Earnings CCTD Accumulated OCI Cash Flow Hedges Assets AFS Financial Actuarial Gains and Losses Total

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 19BEA

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