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How do you find an increase in stockholders equity? bular analysis of the transactions made during August 2017 by Oriole Company during its first month
How do you find an increase in stockholders equity?
bular analysis of the transactions made during August 2017 by Oriole Company during its first month of operations is wn below. Each increase and decrease in stockholders' equity is explained Stockholders' Equity Liabilities Assets Accounts Common Cash A/R. Supp. Equip Payable Retained Earnings Stock Revenues Expenses Dividends Com $16,900 $16,900 Stock $5,000 $3,000 2,000 650 $650 Serv. $9,600 3,600 $6,000 Rev. 2,200 2,200 1,400 -$1,400Div. Rent 880 $880 Exp 430 430 Salar. 3,800 3,800 Exp. Util 280 280 Exp. Determine how much stockholders' equity increased for the month. ease in stockholders' equity Compute the net income for the month. net income 4640Step by Step Solution
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