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Please help using the accounts above Presented below is information which relates to Sheridan Company, a Canadian public corporation traded on the Toronto Stock Exchange,
Please help using the accounts above
Presented below is information which relates to Sheridan Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2023. On January 1, 2023, Sheridan had 22,000 common shares outstanding with a capital balance of $550,000. During the year, Sheridan Company issued an additional 2,000 common shares. Prepare in good form a statement of shareholders equity for the year ended December 31, 2023. Sheridan's income tax rate is 20%. (Enter amounts that reduce account balances using either a negative sign preceding the number e.g. -25 or parentheses e.g. (25).) Sheridan Company Statement of Shareholders' Equity Common Shares Number Common Shares $ $ Accumulated Other Comprehensive Income $ $ Beginning Balance Beginning Balance as Adjusted Correction of 2019 Depreciation Understatement, Net of Tax Dividends Declared Ending Balance Issuance of Shares Net Income Other Comprehensive Income Presented below is information which relates to Sheridan Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2023. On January 1, 2023, Sheridan had 22,000 common shares outstanding with a capital balance of $550,000. During the year, Sheridan Company issued an additional 2,000 common shares. Prepare in good form a statement of shareholders equity for the year ended December 31, 2023. Sheridan's income tax rate is 20%. (Enter amounts that reduce account balances using either a negative sign preceding the number e.g. -25 or parentheses e.g. (25).) Sheridan Company Statement of Shareholders' Equity Common Shares Number Common Shares $ $ Accumulated Other Comprehensive Income $ $ Beginning Balance Beginning Balance as Adjusted Correction of 2019 Depreciation Understatement, Net of Tax Dividends Declared Ending Balance Issuance of Shares Net Income Other Comprehensive Income
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