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ABC CORP
Statement of Changes in Equity
For the year ended Dec. 31, 2020
Retained
Share Capital Reserves Earnings
Balance - January 1 5,000,000 2,000,000 1,000,000
Issuance of ordinary shares 1,000,000 500,000
(10,000 sh par P100 @ P150)
Comprehensive income:
Net income 1,500,000
Unrealized loss on FA @ FV (100,000)
Dividends (400,000)
Appropriation for contingencies 200,000 (200,000)
Balances - December 31 6,000,000 2,600,000 1,900,000