Preparing the equity section of the balance sheet
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Stratified Inc. reported the following selected information for its 2008 fiscal year.
Contributed capital at Dec. 31, 2007 16,500
Retained earnings at Dec. 31, 2007 11,300
Dividends 3,000
Net income 12,980
Common stock issued in 2008 4,000
Prepare a statement of stockholders' equity for Stratified Inc. for the year ended Dec. 31, 2008
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The solution provided includes specifics requested and also access to a "real" financial statement to see how it looks on a published balance sheet.
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A statement of stockholders equity is a report that shows the beginning balance in each account in the equity section of the balance sheet and then lists the events, showing how each ...
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