Question

At December 31, 2011, Canby, Corp., reported the following stockholders’ equity:


During 2012, Canby, Corp., completed these transactions and events in this order:
a. Sold 900 shares of treasury stock for $42 per share; the cost of these shares was $34 per share.
b. Issued 1,300 shares of common stock at $18 per share.
c. Net income for the year was $229,000.
d. Declared and paid cash dividends of $105,000.

Requirement
1. Prepare Canby’s statement of stockholders’ equity for the year ended December 31,2012.


$1.99
Sales0
Views113
Comments0
  • CreatedApril 29, 2014
  • Files Included
Post your question
5000