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QUESTION
Retained Earnings and Owner’s Equity Statement Preparation
Resource: ABC Company History and ABC Financial Data Excel® spreadsheet, ABC Supplemental Data, and the values from the Week 2 Individual Assignment
Prepare a statement of Retained Earnings and Comprehensive Income using the values from Week 2.
- Apply error corrections to the retained earnings statement.
- Calculate foreign currency translation.
- Apply hedging or derivative transaction into statement.
Prepare a Statement of Owner's Equity, referring to the balance sheet results as well as the statements prepared for the Week 2 Individual Assignment.
Submit the Statement of Retained Earnings in a Microsoft® Excel® spreadsheet and the Statement of Owner's Equity and Comprehensive Income.
