Homework Help is Here – Start Your Trial Now!
Business
Accounting
Gladstone plc had total equity of £162000 at 1 January 20X2. The company issued 51000 further 50p equity shares at a price of 120 pence on 1 April 20X2 and paid total dividends of £12800 on 1 July 20X2. The company made a loss after tax of £37000 for the year ended 31 December 20X2. What was Gladstone plc's total equity at 31 December 20X2?

Gladstone plc had total equity of £162000 at 1 January 20X2. The company issued 51000 further 50p equity shares at a price of 120 pence on 1 April 20X2 and paid total dividends of £12800 on 1 July 20X2. The company made a loss after tax of £37000 for the year ended 31 December 20X2. What was Gladstone plc's total equity at 31 December 20X2?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Gladstone plc had total equity of £162000 at 1 January 20X2. The company issued 51000 further 50p equity shares at a price of 120 pence on 1 April 20X2 and paid total dividends of £12800 on 1 July 20X2. The company made a loss after tax of £37000 for the year ended 31 December 20X2.

What was Gladstone plc's total equity at 31 December 20X2?

Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS