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

question 81

Essay

The Stockholders' Equity section of 20X1 balance sheet for Beengo Enterprises is presented below:
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:

Dividends Increasing

A situation where a company is raising the dividend payments it makes to shareholders over time.

Market Rate

The prevailing interest rate available in the marketplace on investments or loans, determined by supply and demand forces.

Annual Dividend

A distribution of profits to shareholders by a corporation, typically done annually.

Growth of Dividend

The increase in the amount of dividend payments issued by a company over time, reflecting its growing profitability and cash flow.