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Homework answers / question archive / Statement of Stockholders’ Equity You have been asked to assist with the preparation of a statement of stockholders’ equity for Maxx Company for the year ended December 31, 2016

Statement of Stockholders’ Equity You have been asked to assist with the preparation of a statement of stockholders’ equity for Maxx Company for the year ended December 31, 2016

Accounting

Statement of Stockholders’ Equity You have been asked to assist with the preparation of a statement of stockholders’ equity for Maxx Company for the year ended December 31, 2016. You determine the following balances:

Common Stock at December 31, 2015 $8,000
Retained Earnings at December 31, 2015 7,500
Net Income during 2016 4,500
Dividends during 2016 750
Issuance of Common Stock during 2016 600

Required
Prepare a statement of stockholders’ equity for Maxx Company for 2016.

MAXX COMPANY
Statement of Stockholders' Equity
For the Year Ended December 31, 2016
  CommonStock   RetainedEarnings   Total Stockholders'Equity
Balance at December 31, 2015 Answer   Answer   Answer
Issuance of Common Stock Answer   Answer   Answer
Net Income Answer   Answer   Answer
Dividends Paid(Enter as negative) Answer   Answer   Answer
Balance at December 31, 2016 Answer   Answer   Answer

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