Corporate Accounting Assignment (doc)

Added on - 28 May 2020

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Running head: CORPORATE ACCOUNTINGCorporate accountingName of the universityName of the studentAuthors note
1CORPORATE ACCOUNTINGTable of ContentsRequirement i).................................................................................................................................1Requirement ii)................................................................................................................................1Requirement iii)...............................................................................................................................1Requirement iv)...............................................................................................................................1Requirement v)................................................................................................................................2Requirement vi)...............................................................................................................................2Requirement vii)..............................................................................................................................2Requirement i)
2CORPORATE ACCOUNTINGAnalysis of annual report of GDI property group stabled depicts that equity comprise ofsome of items such as contributed equity, retained profits and reserves. Equity of the group isdivided into equity attributable to equity holders of the company, equity attributable to trust unitholders and equity attributable to external non controlling interests. The value of contributedequity attributed to equity holders as depicted from the balance sheet stood at$ 22264000, valueof reserve stood at $ 125000 and value of retained profits stood at $ 3332000 for the financialyear 2017.Contributed equity is one of the items in the section of shareholders equity in thestatement of financial position. It represents the total stock value that is purchased byshareholders directly from company that is issuing shares. Contributed equity is the paid incapital that is given by shareholders in terms of amount of cash or assets in exchange for stock(Camfferman and Zeff 2015).Reserves are one of the parts of business profits that have been kept aside forstrengthening the financial position of entities. It is the liabilities that are attributable to businessand are used for repaying debts, purchasing fixed assets, dividend repayments, bonuses andexpansion of funds. Capital reserves and revenue reserves are the two types of reserves that are
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