Question
Pfizer Inc. had the following equity accounts on January 1, 2023: Common Stock $400,000 and Retained Earnings $600,000. During 2023, the company earned a net
Pfizer Inc. had the following equity accounts on January 1, 2023: Common Stock $400,000 and Retained Earnings $600,000. During 2023, the company earned a net income of $180,000 and paid dividends of $50,000. Additionally, the company repurchased shares worth $60,000. Prepare the statement of changes in equity for Pfizer Inc. for the year ending December 31, 2023.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
7th Canadian edition
1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458
