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I got most of the answers but some i got wrong! Exercise 1-7 Prepare a statement of stockholders equity (L03) At the beginning of the
I got most of the answers but some i got wrong!
Exercise 1-7 Prepare a statement of stockholders equity (L03) At the beginning of the year (January 1), Buffalo Drilling has $11,000 of common stock outstanding and retained earnings of $8,200. During the year, Buffalo reports net income of $8,500 and pays dividends of $3.200. In addition, Buffalo issues additional common stock for $8,000. Required: Prepare the statement of stockholders' equity at the end of the year (December 31)Step by Step Solution
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