On January 1, 1998, Wirth Corporation had these stockholders' equity accounts: section*{Instructions} (a) Journalize the transactions. (b)

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On January 1, 1998, Wirth Corporation had these stockholders' equity accounts:

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\section*{Instructions}

(a) Journalize the transactions.

(b) Enter the beginning balances and post the entries to the stockholders' equity \(\mathrm{T}\) accounts. [Note: Open additional stockholders' equity accounts as needed.]

(c) Prepare the stockholders' equity section of the balance sheet at December 31 .

(d) Calculate the dividend yield, payout ratio, earnings per share, price-earnings ratio, and return on common stockholders' equity ratio.

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471169192

1st Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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