The Stockholders' Equity Section of the 20X1 Balance Sheet for Beengo

question 23

Essay

The Stockholders' Equity section of the 20X1 balance sheet for Beengo Enterprises is presented below:
Beengo Enterprises
Stockholders' Equity
December 31, 20X1
Common Stock $12,000
Retained Earnings 56,800
Accumulated Other Comprehensive Income 3,700
Total Stockholders' Equity $72,500
For the year ended December 31, 20X2, the statement of comprehensive income reported $5,678 net income and $4,987 comprehensive income. During 20X2, Beengo paid $2,200 in dividends, issued $2,000 of no-par common stock, then repurchased $300 of its shares at the end of the reporting period. Prepare the statement of stockholders' equity for 20X2.

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Definitions:

Self-Monitoring

The degree to which individuals regulate their behavior to meet the demands of social situations.

Compartmentalize

To separate or divide into distinct sections or categories, often as a method of dealing with conflicting or diverse tasks or emotions.

Social Psychologists

Researchers who study how individuals think, feel, and behave in social contexts.

Insincere

Characterized by a lack of genuineness or honesty in expression; not expressing genuine feelings.