Comprehensive Income Sunshine Corporation Had the Following Balances at December 31, 2020

question 92

Essay

Comprehensive income
Sunshine Corporation had the following balances at December 31, 2020 (in thousands): preferred shares $3,012; common shares $4,718; contributed surplus $1,750; retained earnings $16,791; and accumulated other comprehensive income $514.
During the year ended December 31, 2020, the company earned net income of $3,613,000, sold common shares of $30,000, and paid out dividends of $14,000 and $5,000 to preferred and common shareholders, respectively.
Prepare a statement of changes in equity for the year ended December 31, 2020, as well as the shareholders' equity section of the Sunshine Corporation balance sheet as at December 31, 2020.

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Economic Policy

The strategies and actions employed by governments and central banks to regulate and stabilize the economy, including fiscal policy, monetary policy, and trade policy.

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Presidents Jefferson

Thomas Jefferson, the third President of the United States, served from 1801 to 1809, known for his role in drafting the Declaration of Independence and the Louisiana Purchase.

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