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  • Family Ties, Inc. Statement of Changes in Shareholders' Equity

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    This document shows the statement of changes in shareholders' equity for Family Ties, Inc. from 2020 to 2024. It shows that retained earnings increased each year from comprehensive income, and decreased from dividends declared. Total shareholders' equity also increased each year. Dividends declared were subject to a 10% final tax, with the net amount distributed each year between $1.26 million and $2.41 million.

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    This document shows the statement of changes in shareholders' equity for Family Ties, Inc. from 2020 to 2024. It shows that retained earnings increased each year from comprehensive income, and decreased from dividends declared. Total shareholders' equity also increased each year. Dividends declared were subject to a 10% final tax, with the net amount distributed each year between $1.26 million and $2.41 million.

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    4 views1 page

    Family Ties, Inc. Statement of Changes in Shareholders' Equity

    Uploaded by

    jane
    This document shows the statement of changes in shareholders' equity for Family Ties, Inc. from 2020 to 2024. It shows that retained earnings increased each year from comprehensive income, and decreased from dividends declared. Total shareholders' equity also increased each year. Dividends declared were subject to a 10% final tax, with the net amount distributed each year between $1.26 million and $2.41 million.

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    of 1

    FINANCIAL ASPECT 207

    FAMILY TIES, Inc.


    STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
    For the Years ended December 31

    NOTE 2020 2021 2022 2023 2024


    Ordinary Shares 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00
    Retained Earnings
    Balance, January 1 0.00 2,028,864.01 5,440,766.58 7,315,623.52 10,418,417.76
    Comprehensive Income 3,428,864.01 5,297,802.57 4,417,856.94 5,355,994.24 5,929,661.93
    Less: Dividends Declared 1,400,000.00 1,885,900.00 2,543,000.00 2,253,200.00 2,678,000.00
    Balance, December 31 2,028,864.01 5,440,766.58 7,315,623.52 10,418,417.76 13,670,079.68
    Total Shareholders' Equity 6,028,864.01 9,440,766.58 11,315,623.52 14,418,417.76 17,670,079.68

    Final Tax (10%) 140,000.00 188,590.00 254,300.00 225,320.00 267,800.00


    Dividends, net of Final Tax 1,260,000.00 1,697,310.00 2,288,700.00 2,027,880.00 2,410,200.00

    FAMILY TIES INCORPORATED

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