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The following is selected financial information for Osmond Dental Laboratories for 2012 and 2013: Osmond issued 2,000 shares of additional capital stock in 2013 for $20,000. There were no other capital transactions.
Required:
Prepare a statement of shareholders' equity for Osmond Dental Laboratories for the year ended December 31, 2013.
Active Transport
A cellular process that moves substances against their concentration gradient, requiring energy.
Toxic Ammonia
Harmful levels of ammonia that can accumulate in the body or environment, potentially leading to health issues or ecological damage.
Snails
Molluscs with coiled shells in the adult stage and are known for their slow movement.
Uric Acid
A waste product found in the blood, resulting from the breakdown of purines, substances found in certain foods and drinks.
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