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
Answers: 3
Business, 22.06.2019 08:30
Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9
Answers: 2
Business, 22.06.2019 11:40
During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million
Answers: 1
July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,200 shares of treasury stock...
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