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( CH 1 1 - Q 1 ) : Reporting Stockholders' Equity ( 9 points total ) On January 1 , 2 0 2 2
CHQ: Reporting Stockholders' Equity points total
On January the stockholders' equity section of BlueBell Motors Company's balance sheet reported the following:
During the following selected transactions occurred assume they occurred in the order given:
Apr. Issued a stock dividend when the market price per share was $
May shares of treasury stock were purchased at $ per share.
Sept. Declared and paid a cash dividend of $total
Dec. Net income was $
As the company's controller, you are preparing the stockholders' equity section of the balance sheet as of December
Required:
pts What's the number of shares of common stock outstanding as of December
pts What's the balance $ of common stock account as of December
pts What's the balance $ of retained earnings account as of December
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