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Prepare a statement of stockholders' equity for Hulu Incorporated for the year ended December 31 using the following data. Note: Amounts to be deducted should
Prepare a statement of stockholders' equity for Hulu Incorporated for the year ended December 31 using the following data. Note: Amounts to be deducted should be indicated by a minus sign. - Beginning balances of $400 for Common Stock, $10,500 for Paid-In Capital in Excess of Par, and $20,900 for Retained Earnings. - Reported net income of $40,900. - Issued common stock, which increased common stock by $150 and increased the Paid-In Capital in Excess of Par by $3,750. - Purchased $6,900 of treasury stock. - Declared and paid $4,900 of cash dividends
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