Business, 21.02.2020 21:53 ciaraberger

At the beginning of the year (January 1), a company has $10,000 of common stock outstanding and retained earnings of $7,200. During the year, the company reports net income of $7,500 and pays dividends of $2,200. In addition, the company issues additional common stock for $7,000.

Required: Prepare the statement of stockholder's equity at the end of the year (December 31)

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At the beginning of the year (January 1), a company has $10,000 of common stock outstanding and reta...