Question

The consolidated statement of stockholders’ equity for Spencer Electronics, Inc., a manufacturer of a broad line of electrical components, follows. It has nine summary transactions.


1. Show that you understand this statement by writing an explanation of each transaction. Determine the average price per common share wherever applicable. For some transactions, you will have to make assumptions about an offsetting part of the entry. For example, assume debentures (long-term bonds) are recorded at face value and that employees pay cash for stock purchased under company incentive plans.
2. Define other comprehensive income and determine the amount for SpencerElectronics.


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  • CreatedSeptember 10, 2014
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