Question
Diamond Inc. had the following equity accounts on January 1, 20x3: Common shares (232794 issued) $813955 Retained Earnings 912738 During the year 20x3, Diamond Inc.
Diamond Inc. had the following equity accounts on January 1, 20x3:
|
| Common shares (232794 issued) | $813955 |
|
| Retained Earnings | 912738 |
During the year 20x3, Diamond Inc. had the following equity transactions:
|
| Feb. 2 | Issued 9264 common shares for $34948. |
|
| June 30 | Effected a 2-for-1 stock split. Shares were trading at $1.75. |
|
| Aug. 15 | Declared a $2.46 cash dividend per share to shareholders of record August 15, payable January 15, 20x4. |
|
| Dec. 31 | Annual net income of $509245. |
What is Diamond Inc.s ending shareholders equity balance?
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Linear Algebra And Its Applications
Authors: David Lay, Steven Lay, Judi McDonald
6th Global Edition
9781292351216
