At the end of the 2014 annual reporting period, Barnard Corporations baiance sheet showed the following: During
Question:
During 2015, the following selected transactions (summarized) were completed:
a. Sold and issued 1,000 shares of common stock at $35 cash per share (at year-end).
b. Determined net income, $37,000.
c. Declared and paid a cash dividend of $2 per share on the beginning shares outstanding.
Required:
Prepare a statement of stockholders equity for the year ended December 31, 2015. Be sure to show both the dollar amount and number of shares of commonstock.
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Related Book For
Financial Accounting
ISBN: 978-0078025556
8th edition
Authors: Robert Libby, Patricia Libby, Daniel Short
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