Question

Hawthorn Corporation's adjusted trial balance contained the following accounts at December 31, 2014:
Retained Earnings ............... $120,000
Common Shares ................. $700,000
Bonds Payable ................. $100,000
Contributed Surplus ............... $200,000
Preferred Shares ................ $50,000
Goodwill ................... $55,000
Accumulated Other Comprehensive Income (Loss) . ($150,000).
Prepare the shareholders' equity section of the statement of financial position.


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  • CreatedSeptember 18, 2015
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