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Financial information related to Organic Products Company for the month ended June 30, 2099, is as follows: Net Income for June $ 114,000 Dividends pald
Financial information related to Organic Products Company for the month ended June 30, 2099, is as follows: Net Income for June $ 114,000 Dividends pald in June 29,000 Common stock, June 1, 2049 170,000 Common stock issued in June 50,000 Retained earnings, June 1, 2019 1,570,000 a. Prepare a statement of stockholders' equity for the month ended June 30, 2049. Organic Products Company Statement of Stockholders' Equity For the Month Ended June 30, 2019 Common Stock Retained Earnings Total Feedback Check My Work Incorrect b. Why is the statement of stockholders' equity prepared before the June 30, 2089, balance sheet? The statement of stockholders equity is prepared before the June 30, 2040, balance sheet because 30, 2019, balance sheet as of June 30, 2019, are needed for the Jun Check My Wor Incorrect Che Work incorrect
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