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 |
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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...
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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,...
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