Excerpt from the statement of financial position of Chopin Limited at 30 June 2015, together with information for the year ended 30 June 2016.
(a)[7]
Prepare a statement showing changes in equity for the year ended 30 June 2016.
(b)[4]
Explain why the company ought not to use its revaluation reserve when paying dividends to shareholders.
(c)[2]
State two permitted uses of a share premium account.
(d)[2]
State how a bonus issue of shares differs from a rights issue of shares.
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