Answered

Discover answers to your questions with Westonci.ca, the leading Q&A platform that connects you with knowledgeable experts. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

At the beginning of the year (January 1), a company has $11,000 of common stock outstanding and retained earnings of $7,900. During the year, the company reports net income of $8,200 and pays dividends of $2,900. In addition, the company issues additional common stock for $7,700.

Sagot :

The preparation of the statement of stockholder's equity at the end of the year (December 31) is presented below in the form of table.

How to find the stockholder's equity?

The preparation of the statement of stockholder's equity at the end of the year (December 31) is presented as:

                                   Statement of stockholder's equity        

Particulars Common stock Retained earnings    Total stockholder  

                                                                                          Equity

Beginning

balance        $11,000                  $7,900                     $18,900

Add: Additional

common stock $7,700                                                   $7,700

Add: Net income                           $8,200                    $8,200  

Less - dividend                            -$2,900                    -$2,900

Ending balance  $17,000              $5,300                 $5,300

Learn more about stockholder's equity;

https://brainly.com/question/14864097

#SPJ1

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.