Solution-Prepare a statement of stockholders equity for the

Prepare a statement of stockholders equity for the year

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Reference no: EM132013289

Question - E. Flynn Company had $104,000 of contributed capital and $54,000 of retained earnings at January 1, 2014. The following transactions occurred during the year 2014:

Issued stock to investors for cash, $35,000.

Declared and paid a cash dividend of $21,000.

Reported total revenue of $149,000 and total expenses of $90,000.

Prepare a statement of stockholders' equity for the year ended December 31, 2014.

Reference no: EM132013289

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Prepare a statement of stockholders equity for the year

Reference no: EM132013289

Reference no: EM132013289

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