Peninsula Supply Corporation reported the following statement of changes in shareholders' equity for the years ended December
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PENINSULA SUPPLY CORPORATION Statement of Changes in Shareholders' Equity Year Ended December 31 2014 2013 Number of Shares Number of Shares Amount Amount Common shares, unlimited authorized Balance, January 1 500,000 50,000 (25,000) $ (b) 32,500 500,000 $600,000 0 0 600,000 Issued shares for cash Reacquired shares Balance, December 31 603,750 500,000 Contributed surplus-reacquired shares Balance, January 1 15,000 8,000 15,000 0 Reacquired common shares Balance, December 31 15,000 Retained earnings Balance, January 1 179,500 22,500 190,000 Profit loss) Common dividends-Cash (30,000) 179,500 Balance, December 31 181,000 Accumulated other comprehensive income Balance, January 1 51,000 Other comprehensive income (loss) Balance, December 31 (3,000) 51,000 68,000 Shareholders' equity, December 31 $ (g)
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a 525000 500000 beg balance 50000 shares issued 25000 shares reacquired b 6...View the full answer
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Related Book For
Accounting Principles Part 3
ISBN: 978-1118306802
6th Canadian edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
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