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Prepare a detailed statement of changes in equity for Home Depot, Inc. for the year ending December 31, 2023. Data: beginning equity $2,000,000, net income
- Prepare a detailed statement of changes in equity for Home Depot, Inc. for the year ending December 31, 2023. Data: beginning equity $2,000,000, net income $800,000, dividends paid $200,000, issue of new shares $400,000, and revaluation surplus $80,000. Discuss the changes in equity and their implications on the company’s financial position.
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