Business
Business, 25.01.2020 04:31, azeezat728

At the beginning of the year (january 1), buffalo drilling has $12,000 of common stock outstanding and retained earnings of $6,200. during the year, buffalo reports net income of $6,500 and pays dividends of $1,200. in addition, buffalo issues additional common stock for $6,000.
required:
prepare the statement of stockholders' equity at the end of the year (december 31).

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Answers: 1

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At the beginning of the year (january 1), buffalo drilling has $12,000 of common stock outstanding a...

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