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Reporting Stockholders' Equity E11-8 LO11-1. Ruth's Chris Steakhouse is the largest upscale steakhouse company in the United States, based on total company- and franchisee-owned restaurants.
Reporting Stockholders' Equity E11-8 LO11-1. Ruth's Chris Steakhouse is the largest upscale steakhouse company in the United States, based on total company- and franchisee-owned restaurants. The company's menu features a broad selection of high- quality steaks and other premium offerings. Assume that the information is from a recent annual report: a. Common stock, $0.01 par value; 100,000,000 shares authorized; 34,990,170 issued and outstanding at the end of the current year; 34,333,858 issued and outstanding at the end of last year. b. Additional paid-in capital: $169,107,000 at the end of the current year and $155,455,000 at the end of last year. c. Retained earnings / accumulated deficit): ($68,804,000) at the end of last year. d. In the current year, net income was $16,455,000 and a cash dividend of $7,138,000 was paid. Required: Prepare the stockholders' equity section of the balance sheet to reflect the above information for the cur- rent year and last year
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