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Business, 10.10.2019 05:00 Nathaliasmiles

Exercise 4-16 sheffield co. reports the following information for 2020: sales revenue $777,100, cost of goods sold $520,000, operating expenses $89,200, and an unrealized holding loss on available-for-sale debt securities for 2020 of $53,700. it declared and paid a cash dividend of $11,670 in 2020. sheffield co. has january 1, 2020, balances in common stock $360,400; accumulated other comprehensive income $86,000; and retained earnings $92,040. it issued no stock during 2020. (ignore income taxes.) prepare a statement of stockholders’ equity.

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Exercise 4-16 sheffield co. reports the following information for 2020: sales revenue $777,100, cos...

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