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Aa Aa E. 1. Stockholders' equity Owners' equity in a corporation is called stockholders' equity (or shareholders' equity, shareholders' investment, or capita). Two principal components
Aa Aa E. 1. Stockholders' equity Owners' equity in a corporation is called stockholders' equity (or shareholders' equity, shareholders' investment, or capita). Two principal components of stockholders' equity are reported on the company's balance sheet. Cash contributed to the corporation by stockholders is called: O Investments O Paid-in capital O Retained earnings The partially completed balance sheet of Brasco Co. follows. Brasco has only one class of no-par common stock and has been operating for two years, beginning in 2012. When the company opened, its stockholders contributed $517,000 of capital for use in the business. Brasco earned net income of $32,170 during its first year and $50,290 during its second year. The company didn't pay a dividend during its first year, but it recently paid a $36,640 dividend at the end of its second year. Complete Brasco's balance sheet. (Note: This problem contains check figures (V).)
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