On the basis of the following stockholders equity accounts, indicate the items, exclusive of net income, to
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COMMON STOCK Jan. 1 Balance, 70,000 shares Feb. 11 12,000 shares issued 700,000 for cash 120,000 June 30 4,100-share stock dividend 41,000 861,000 Dec. 31 Balance PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance Feb. 11 12,000 shares issued 140,000 for cash June 30 Stock dividend Dec. 31 Balance 360,000 102,500 602,500 RETAINED EARNINGS une 30 Stock dividend Dec. 30 Cash dividend 143,500Jan 1 Balance 240,000 Dec. 31 Net income 1,000,000 800,000 Dec. 31 Balance 1,416,500
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Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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