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Prepare the december shareholders equity section

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Reference no: EM132835428

Goobies Dry Cleaning Corporation has the following account balance at December 31, 2020:

Common Shares Subscribed $250,000

Common Shares $310,000

Subscriptions Receivable $80,000

Retained Earnings $1,340,000

Contributed Surplus $320,000

Accumulated Other Comprehensive Income $560,000

REQUIRED:

Problem A) Prepare the December 31, 2020 shareholders' equity section of the SFP.

Reference no: EM132835428

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