PR Investments Corp. ended its fiscal year on October 31, 2016, with Retained Earnings of $60,000. During

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PR Investments Corp. ended its fiscal year on October 31, 2016, with Retained Earnings of $60,000. During 2017, the company earned net income of $155,000 and declared dividends of $17,000. The company ended 2016 with $75,000 in common shares and $15,000 in $2 preferred shares. Additional common shares were sold in 2017 for $25,000. Complete PR Investments Corp.'s statement of shareholders' equity for the year ended October 31, 2017.
PR Investments Corp. ended its fiscal year on October 31,
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Horngrens Accounting

ISBN: 978-0133855388

10th Canadian edition Volume 2

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

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