CHAPTER 7 Retained Earnings

Dividends in General
 Date of Declaration per IFRIC 17
 Date of Record – no entry is required on this date.
 Date of Payment – The Corporation settles its liability on this date.
Cash Dividends
Property Dividends per IFRIC 17
Share Dividends
 Small Share Dividends
 Large Share Dividends
Liquidating Dividends
Share Splits
Summary of the Effects of Dividends and Share Splits
Dividends on Preference and Ordinary Shares
 Non-cumulative and Non-participating Preference Shares
 Non-cumulative and Participating Preference Shares
 Cumulative and Non-participating Preference Shares
 Cumulative and Participating Preference Shares
Prior Period Errors
- Are errors discovered in the current period that are of such significance that the financial
statements of one or more prior periods can no longer be considered to have been reliable
at the date of their issue.
Restrictions on Retained Earnings
Statement of Retained Earnings
Statement of Changes in Shareholders' Equity
Book Value per Share