Crocker Corporation began calendar-year 2013 with stockholders' equity of ($ 150,000), consisting of contributed capital of ($
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Crocker Corporation began calendar-year 2013 with stockholders' equity of \($ 150,000), consisting of contributed capital of \(\$ 120,000\) and retained earnings of ($ 30,000). During 2013 , it issued additional stock for total cash proceeds of \(\$ 30,000\). It also reported ($ 50,000) of net income, and paid ($ 25,000) as a cash dividend to stockholders.
Required Prepare the 2013 statement of stockholders' equity for Crocker Corporation.
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Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
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