The Following Account Balances Appear in the 2015 Adjusted Trial

question 93

Essay

The following account balances appear in the 2015 adjusted trial balance of
Diamond Corporation: Common Stock,$21,000;Retained Earnings,$8,000;Dividends,
$2,000;Service Revenue,$30,000;Salaries Expense,$13,000;and Utilities Expense,
$7,000.No common stock was issued during the year.Prepare the statement of
stockholders' equity for the year ended December 31,2015.

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Definitions:

Self-Directed Work Teams

Groups of employees who work together without traditional managerial supervision to achieve specified goals and objectives.

Ownership

Ownership is the legal right or title to an asset or property, giving the owner control over its use and disposition.