Making a statement of stockholders equity


Bryant Co. reports the following information for 2010: sales revenue $750,000; cost of goods sold $500,000; operating expenses $80,000; and an unrealized holding loss on available-for-sale securities for 2010 of $50,000. It declared and paid a cash dividend of $10,000 in 2010.

Bryant Co. has January 1, 2010, balances in common stock $350,000; accumulated other comprehensive income $80,000; and retained earnings $90,000. It issued no stock during 2010.

Prepare a statement of stockholders' equity.

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Accounting Basics: Making a statement of stockholders equity
Reference No:- TGS071845

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