The following is selected financial information for D. Kay Dental Laboratories for 2017 and 2018:
Kay issued 2,000 shares of additional common stock in 2018 for $20,000. There were no other shareholder transactions.
Required:
Prepare a statement of shareholders' equity for D. Kay Dental Laboratories for the year ended December 31, 2018.
Definitions:
Creative Process
A series of steps or stages that an individual goes through to generate novel and useful ideas or solutions.
Preparation
The action or process of making ready beforehand for a specific purpose or event.
Incubation
A process in creativity and problem-solving where an idea is allowed to develop or "incubate" subconsciously over time before being actively pursued or completed.
Creative People
Individuals who demonstrate originality, imagination, and innovation in thinking and problem solving.
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