Business, 05.05.2020 17:44 aschool2000
July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,200 shares of treasury stock purchased on May 10 for $54 per share. Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Common Stock, $100,000; Additional Paid-in Capital, $3,900,000; and Retained Earnings, $1,400,000. Net income for the year ended December 31, 2021, is $540,000. Required: Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December 31, 2021
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July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,200 shares of treasury stock...
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