Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can i get answer quick plz ll Listen Developments Inc. ended 2019 with Retained Earnings of $75,000. During 2020, the compa ny earned net income

can i get answer quick plz

image text in transcribed
ll Listen Developments Inc. ended 2019 with Retained Earnings of $75,000. During 2020, the compa ny earned net income of $135,000 and declared dividends of $45,000. The company ended 2019 with $35,000 in common shares and $15,000 in $1 preferred shares. Additional common shares were sold in 2020 for $25,000. Complete Listen Developments Inc's statement of shareholders' equity for the year ended December 31, 2020. {7 Marks) Listen Developments Inc. Statement of Shareholders' Equity For the Year Ended December 31, 2020 Total Shareholders' Common Shares Preferred Shares Retained Earnings Equity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Finance

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

12th edition

1259918947, 1260091908, 978-1259918940

More Books

Students also viewed these Accounting questions

Question

3. It is the commitment you show that is the deciding factor.

Answered: 1 week ago