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Posted on Jun 28, 2024

Can anyone please help me this question or give me a guide at least please? If anyone can, ill be thankful. 4)WILSON HAS THE FOLLOWING

Can anyone please help me this question or give me a guide at least please? If anyone can, ill be thankful.

4)WILSON HAS THE FOLLOWING DATA:

BEG BAL YEAR 1: RETAINED EARNINGS172,000

ACCUMULATED OCI24,000

COMMON STOCK250,000

YEAR 1 ACTIVITY: NET INCOME77,000

UNREALIZED GAINSSEE(A)

DIVIDENDS DECLARED20,000

(A)SECURITY ABC - BOUGHT JULY 15^TH YEAR 1 COST6,000

DECEMBER 31^ST YEAR 1 FMV6,700

SOLD YEAR TWO

REQUIRED: PREPARE THE YEAR ONE STATEMENT OF STOCKHOLDERS' EQUITY

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