Use the Comparative Financial Statements of Penny Company for the Year

question 12

Essay

Use the comparative financial statements of Penny Company for the year ended December 31, 2015 to answer the following questions.
Penny Company
Statement of Stockholder's Equity
for the Year Ended December 31, 2015
.
REQUIRED:
1 What is the primary cause of the change in Penny's stockholders' equity from January 1, 2015 to December 31,
2015?
2 Did Penny declare dividends during 2015? How do you know? Which items would be included as part of comprehensive income, if any?

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Occupational Safety and Health Administration, a U.S. government agency responsible for enforcing workplace safety and health regulations.

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A type of bacteria commonly found on the skin or in the nose of people, which can occasionally cause infections, ranging from minor to life-threatening.

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Pockets of pus that accumulate in a tissue, organ, or space in the body due to infection.

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Methicillin-resistant Staphylococcus aureus, a type of bacteria that is resistant to several antibiotics, known for causing difficult-to-treat infections.