The Following Is a Partial List of Accounts and Balances

question 89

Essay

The following is a partial list of accounts and balances for Hatley Hotels Ltd.for the year ended June 30, 2013. $\begin{array}{lr}\text { Capital stock } & \$ 1,480,000 \\\text { Other comprehensive income for the year } & \$ 20,000 \\\text { Dividends declared during the year } & \$ 60,000 \\\text { Net income for the year } & \$ 600,000 \\\text { Retained earnings balance July 1, 2012 } & \$ 2,505,400 \\\text { Accumulated other comprehensive income balance July 1, 2012 } & \$ 250,000\end{array}$ A) Prepare a Statement of Changes in Equity for Hatley for the year ended June 30, 2013.
B) Briefly explain the purpose of Other Comprehensive Income

Understand and apply the concept of positive reinforcement to improve workplace behaviour and motivation.

Recognize the importance of self-efficacy in enhancing employee performance and motivation.

Distinguish between different learning and motivation theories such as the law of effect, reinforcement theory, and self-efficacy theory.

Identify the role and effects of vicarious modeling in learning and performance improvement.

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Definitions:

Fair Market Values

The price at which an asset would change hands between willing and informed buyers and sellers in an arm's length transaction.

Conversion Terms

Conditions that specify the circumstances under which a financial instrument may be converted into another, typically from debt to equity.

Market Value Method

The Market Value Method is an accounting practice of valuing assets based on their current market prices.

Book Value Method

An accounting technique that determines the value of an asset on a balance sheet by its historical cost minus any accumulated depreciation.