Use the Comparative Financial Statements of Penny Company for the Year

question 150

Essay

Use the comparative financial statements of Penny Company for the year ended December 31,2012 to answer the following question(s).
Penny Company
Statement of Stockholder's Equity
for the Year Ended December 31,2012
REQUIRED:
(1)What is the primary cause of the change in Penny's stockholders' equity from January 1,2012 to December 31,2012?
(2)Did Penny declare dividends during 2012? How do you know? Which items would be included as part of comprehensive income,if any?

Learn the fundamental principles underlying statistical methodology.

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Definitions:

Jump-To-Label Program

A programming construct that allows the execution sequence to jump to a specified point in the code, identified by a label.

NC Contact

An electrical contact that remains closed, allowing current to flow, until actuated open, usually referred to as a Normally Closed Contact in electrical circuits.

PLC System

A PLC system encompasses the hardware and software components of a Programmable Logic Controller, including the CPU, input/output modules, power supply, and the programming environment used to automate industrial and manufacturing processes.