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?
Definitions:
Ex Post Facto Design
A scientific study in which the values of the independent variable are not manipulated, but selected by the experimenter after the groups have naturally divided themselves.
Descriptive Research
A method of research that aims to observe and describe characteristics of a subject without influencing it.
Placebo
A substance or treatment with no therapeutic effect, used as a control in testing the efficacy of another substance or treatment.
Clinical Researcher
A professional involved in conducting scientific studies to evaluate and improve healthcare interventions, diagnostics, and treatments.
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