Question

Whitney Water Company reported the following items on its statement of shareholders’ equity for the year ended December 31, 2014 (amounts in thousands of $):


Requirements
1. Determine the December 31, 2014, balances in Whitney Water’s shareholders’ equity accounts and total shareholders’ equity on this date.
2. Whitney Water’s total liabilities on December 31, 2014, are $7,800. What is Whitney Water’s debt ratio on this date?
3. Was there a profit or a loss for the year ended December 31, 2014? How can you tell?
4. At what price per share did Whitney Water issue common stock during2014?


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  • CreatedJuly 25, 2014
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