Use the Comparative Financial Statements of Penny Company for the Year

question 179

Essay

Use the comparative financial statements of Penny Company for the year ended December 31,2017 to answer the following question(s).
Penny Company
Statement of Stockholder's Equity
For the Year Ended December 31,2017​
Required
(1)What is the primary cause of the change in Penny's stockholders' equity from January 1,2017,to December 31,2017?
(2)Did Penny declare dividends during 2017? How do you know? Which items would be included as part of comprehensive income,if any?

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