Fisher Inc. began operations on January 1, 2023. During its first year, $750,000 of common shares were
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Fisher Inc. began operations on January 1, 2023. During its first year, $750,000 of common shares were issued and a loss of $28,000 was realized. In 2024, Fisher’s second year of operations, an additional $125,000 of common shares were issued, profit of $148,000 was earned, and dividends of $40,000 were declared and paid. Prepare a statement of changes in equity for the year ended December 31, 2024.
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Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9781260881332
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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