Question 8 Client Stonework corporation was organized on January 1, 2015. For its first two years...
Question 8 Client Stonework corporation was organized on January 1, 2015. For its first two years of operations, it reported the following.
Net Income for 2015 $31,000
Net income for 2016 $42,000
Dividends for 2015 $14,200
Dividends for 2016 $18,700
Total assets at the end of 2015 $130,000
Total assets at the end of 2016 $250,000
Common sock at the end of 2015 $100,000
Common stock at the end of 2016 $100,000
On the basis of data given, prepare a statement stockholders equity for 2016.
Clint's Stonework Corporation
Statement of Stockholder Equity
For the Year Ended December 31, 2016
Common Stoclk Retained Earning
Balance December 31, 2015 100,000 16,800
Balance December 31, 2016
Homework Answers
| Clint's Stonework Corporation | ||
| Statement of Stockholder Equity | ||
| For the Year Ended December 31, 2016 | ||
| Common Stock | Retained Earnings | |
| Balance December 31, 2015 | 100000 | 16800 |
| Add: Net income | 0 | 42000 |
| Less: Dividends | 0 | 18700 |
| Balance December 31, 2016 | 100000 | 40100 |
Add Answer to:
Question 8 Client Stonework corporation was organized on January
1, 2015. For its first two years...
Client Stonework corporation was organized on January 1, 2015. For its first two years of operations,...
Client Stonework corporation was organized on January 1, 2015. For its first two years of operations, it reported the following. Net Income for 2015 $31,000 Net income for 2016 $42,000 Dividends for 2015 $14,200 Dividends for 2016 $18,700 Total assets at the end of 2015 $130,000 Total assets at the end of 2016 $250,000 Common sock at the end of 2015 $100,000 Common stock at the end of 2016 $100,000 On the basis of data given, prepare a statement stockholders...
Plummer Stonework Corporation was organized on January 1, 2017. For its first two years of operations,...
Plummer Stonework Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following: Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 $ 30,100 43,700 13,300 17,100 142,000 269,000 100,000 100,000 Required: On the basis of the data given, prepare...
Plummer Stonework Corporation was organized on January 1, 2017. For its first two years of operations,...
Plummer Stonework Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following: Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 $ 30,500 43,5ee 14,60e 17,500 135, eee 258,000 100,000 100,000 Required: On the basis of the data given,...
Plummer Stonework Corporation was organized on January 1, 2017. For its first two years of operations,...
Plummer Stonework Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following: Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 $ 30,100 42,200 14,100 18,500 137,000 262,000 130,000 130,000 Required: On the basis of the data given, prepare...
E1-13 (Algo) Preparing a Statement of Stockholders' Equity L01-1 Plummer Stonework Corporation was organized on January...
E1-13 (Algo) Preparing a Statement of Stockholders' Equity L01-1 Plummer Stonework Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following: Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 $ 30,000 43,500 14,200 18, 200 137,000 267,000 140,000...
E1-13 (Algo) Preparing a Statement of Stockholders' Equity L01-1 Plummer Stonework Corporation was organized on January...
E1-13 (Algo) Preparing a Statement of Stockholders' Equity L01-1 Plummer Stonework Corporation was organized on January 1, 2017. For its first two ye Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 $ 31, 309 43,380 14,789 17,809 149,000 258,000 90,000 90,000 Required: On the basis of...
Saved 50 points Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for...
Saved 50 points Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 $ 30,700 42,999 14,609 18,700 138,000 264,000 120,000 120,000 eBook Hint Required: On the basis of the data given, prepare a statement of stockholders' equity for 2018. Print References PLUMMER STONEWORK CORPORATION Statement of Stockholders'...
Income Statement, Statement of Stockholders' Equity, and Balance Sheet Napolean Corporation started business on January 1,...
Income Statement, Statement of Stockholders' Equity, and Balance Sheet Napolean Corporation started business on January 1, 2016. The following information was compiled by Napolean's accountant on December 31, 2016: Sales Revenue Expenses Dividends Cash Accounts Receivable Inventory $18,000 Equipment, net 10,800 Building, net 2,700 Accounts Payable 1,350 Notes Payable 2,250 Common Stock 2,700 Retained Earnings $13,500 36,000 3,600 29,700 18,000 ? Required You have been asked to assist the accountant for the Napolean Corporation in preparing year-end financial statements. Use...
Problem 2.1 Landon Corporation was organized on January 2, 2015, with the investment of S100.000 by...
Problem 2.1 Landon Corporation was organized on January 2, 2015, with the investment of S100.000 by each of its two stockholders. Net income for its first year of business was $85.200. Net income increased during 2016 to $125,320 and to $145,480 during 2017. Landon paid $20,000 in dividends to cach of the two stockholders in cach of the three years Required: Prepare a statement of retained earnings for the year ended December 31, 2017
Income Statement, Statement of Stockholders Equity, and Balance Sheet Napolean Corporation started business on January 1.2016....
Income Statement, Statement of Stockholders Equity, and Balance Sheet Napolean Corporation started business on January 1.2016. The following information was compiled by Napolean's accountant on December 31, 2016: Fir Sales Revenue $27,000 Equipment, net $20,250 Expenses Dividends Cash Accounts Receivable3,375 Common Stock 27,000 Inventory 6,200 Building, net 4,050 Accounts Payable 5,400 2.025 Notes Payable 44,550 4,000 4,050 Retained Earnings Required You have been asked to assist the accountant for the Napolean Corporation in preparing year-end financial statements. Use the above...
Plummer Stonework Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following: Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 $ 30,100 43,700 13,300 17,100 142,000 269,000 100,000 100,000 Required: On the basis of the data given, prepare...
Plummer Stonework Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following: Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 $ 30,500 43,5ee 14,60e 17,500 135, eee 258,000 100,000 100,000 Required: On the basis of the data given,...
Plummer Stonework Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following: Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 $ 30,100 42,200 14,100 18,500 137,000 262,000 130,000 130,000 Required: On the basis of the data given, prepare...
E1-13 (Algo) Preparing a Statement of Stockholders' Equity L01-1 Plummer Stonework Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following: Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 $ 30,000 43,500 14,200 18, 200 137,000 267,000 140,000...
E1-13 (Algo) Preparing a Statement of Stockholders' Equity L01-1 Plummer Stonework Corporation was organized on January 1, 2017. For its first two ye Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 $ 31, 309 43,380 14,789 17,809 149,000 258,000 90,000 90,000 Required: On the basis of...
Saved 50 points Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 $ 30,700 42,999 14,609 18,700 138,000 264,000 120,000 120,000 eBook Hint Required: On the basis of the data given, prepare a statement of stockholders' equity for 2018. Print References PLUMMER STONEWORK CORPORATION Statement of Stockholders'...
Income Statement, Statement of Stockholders' Equity, and Balance Sheet Napolean Corporation started business on January 1, 2016. The following information was compiled by Napolean's accountant on December 31, 2016: Sales Revenue Expenses Dividends Cash Accounts Receivable Inventory $18,000 Equipment, net 10,800 Building, net 2,700 Accounts Payable 1,350 Notes Payable 2,250 Common Stock 2,700 Retained Earnings $13,500 36,000 3,600 29,700 18,000 ? Required You have been asked to assist the accountant for the Napolean Corporation in preparing year-end financial statements. Use...
Problem 2.1 Landon Corporation was organized on January 2, 2015, with the investment of S100.000 by each of its two stockholders. Net income for its first year of business was $85.200. Net income increased during 2016 to $125,320 and to $145,480 during 2017. Landon paid $20,000 in dividends to cach of the two stockholders in cach of the three years Required: Prepare a statement of retained earnings for the year ended December 31, 2017
Income Statement, Statement of Stockholders Equity, and Balance Sheet Napolean Corporation started business on January 1.2016. The following information was compiled by Napolean's accountant on December 31, 2016: Fir Sales Revenue $27,000 Equipment, net $20,250 Expenses Dividends Cash Accounts Receivable3,375 Common Stock 27,000 Inventory 6,200 Building, net 4,050 Accounts Payable 5,400 2.025 Notes Payable 44,550 4,000 4,050 Retained Earnings Required You have been asked to assist the accountant for the Napolean Corporation in preparing year-end financial statements. Use the above...
Most questions answered within 3 hours.
-
Describe three pieces of evidence that mitochondria and evolved
from symbiotic mutualisms between a eukaryote (or...
asked 1 minute from now -
An AM transmitter with a carrier power of 20 kW is connected to
a 50 Ω...
asked 7 minutes ago -
JAVA
Beginnings of a paper-rock-scissors game.
Paper-rock-scissors is a game often used to make decisions.
There...
asked 11 minutes ago -
Consider a concept learning example of 5 attributes. Attributes
can take one of (5,3,2,2,6) values respectively....
asked 18 minutes ago -
Red light of wavelength 675 nm is incident on a slit of width
4.56 × 10−6...
asked 28 minutes ago -
An object 4.0 mm high is on the optical axis of two lenses with
focal lengths...
asked 24 minutes ago -
Suppose that each team in a league has a demand curve for
generic advertising (a league-wide...
asked 24 minutes ago -
1. The WJC purchases denim. The avg. daily demand of
western is 1000 yards and the...
asked 33 minutes ago -
Memory Allocation
a) Is it possible to have both internal and external
fragmentation with fixed partition...
asked 33 minutes ago -
Steven can afford car payments of $300 a month for 72 months.
The bank will lend...
asked 49 minutes ago -
Embedded
System..
1.
Analyze
the instruction
sets below.
LDR R1, [R0,
#0x08]
SUB R1, R1,
R2,...
asked 54 minutes ago -
Use proper sentence structure to communicate clearly.
Choose the correct sentence structure in each of the...
asked 54 minutes ago