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how do you find net income from the statement of stockholders equity? Stock Holders Equity as of Jan 1st Amount Stock Holders Equity as of
how do you find net income from the statement of stockholders equity?
Stock Holders Equity as of Jan 1st | Amount | Stock Holders Equity as of Dec 1st | Amount | |||||||||||
Common Stock - $5 par value, 100,000 shares authorized, 40,000 issues & outstanding | 200,000 | Common Stock - $5 par value, 100,000 shares authorized, 47,000 issues & 3000 shares treasury stock | 235000 | |||||||||||
Paid in capital excess of par value common stock | 120,000 | Paid in capital excess of par value common stock | 179,200 | |||||||||||
Retained Earning | 320,000 | Retained Earning | 400,000 | |||||||||||
Total Stockholders Equity | 600,000 | Less cost of treasury stock | -60,000 | |||||||||||
Total Stockholders Equity | 754200 | |||||||||||||
1/5/2021 | Declared 0.60 per share cash dividend. Date of record 1/10/2021 | |||||||||||||
3/20/2021 | Purchased treasury stock for cash | ** | What is Net Income for the year? | |||||||||||
4/5/2021 | declared 0.60 per share cash dividend. Date of record 4/10/2021 | |||||||||||||
7/5/2021 | Declared 0.60 per share cas dividend. Date of record 7/10/2021 | |||||||||||||
7/31/2021 | Declared a 20% stock dividend when the market value was $12 per share | |||||||||||||
8/14/2021 | Issued the stock dividend that was declared 7/31 | |||||||||||||
10/5/2021 | Declared 0.60 per share cash dividend. Date of record 10/10 |
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