Following is a recent statement of stockholders equity for Tucson Company. Required: (a) How does a companys
Question:
Required:
(a) How does a companys statement of stockholders equity relate to the ï¬rms balance sheet?
(b) What transaction or event accounted for the largest increase in Tucsons stockholders equity during 2009?
Transcribed Image Text:
Common Paid-in Retained Stock $2,000,000 S400,000 $700,000 Capital Earnings Balances, January 1, 2009 Sale of Common Stock Exercise of Employee Stock 240,000 300,000 Options Net Income 10,000 15,000 125,000 Balances, December 31, 2009 $,50,000 S715,000$825,000
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