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-   -   Does This Accounting Answer Look Correct? (https://www.askmehelpdesk.com/showthread.php?t=647666)

  • Apr 1, 2012, 02:48 PM
    Lady In Luck
    Does This Accounting Answer Look Correct?
    Here is the problem:
    All sizes | . | Flickr - Photo Sharing!

    My answer:
    Stratfield, Inc.
    Statement of Stockholders' Equity
    For the year ended December 31, 2008

    Contributed capital, December 31, 2007... $16,500
    Add: Common stock issued in 2008... $4,000
    Contributed capital, December 31, 2008... $20,500

    Retained earnings, December 31, 2007... $11,300
    Add: Net income... $12,980
    Less: Dividends... ($3,000)
    Retained earnings, December 31, 2008... $21,280

    Total stockholders' equity, December 31, 2008... $41,780 ($20,500 + $21,280)

    How does that look?
  • Apr 1, 2012, 10:15 PM
    paraclete
    Seems to do the trick

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