E. Flynn Company had $104,000 of contributed capital and $54,000 *
Question # 00082642
Posted By:
Updated on: 07/16/2015 12:29 AM Due on: 08/15/2015
E. Flynn Company had $104,000 of contributed capital and $54,000 of retained earnings at January 1, 2014. The following transactions occurred during the year 2014: |
| - | Issued stock to investors for cash, $35,000. |
| - | Declared and paid a cash dividend of $21,000. |
| - | Reported total revenue of $149,000 and total expenses of $90,000. |
Prepare a statement of stockholders' equity for the year ended December 31, 2014. |
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Rating:
/5
Solution: E. Flynn Company had $104,000 of contributed capital and $54,000 *