Business, 26.02.2020 19:50 ayoismeisalex
During 2019, the following transactions and events occurred and were properly recorded: Powder issued 1,800 shares of common stock at $13 per share. Powder issued 340 shares of preferred stock at $130 per share. Powder earned net income of $38,950. Powder paid a $7 per share dividend on the preferred stock and a $1 per share dividend on the common stock outstanding at the end of 2019. Required: Prepare Powder's statement of shareholders' equity (include retained earnings) for 2019.
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During 2019, the following transactions and events occurred and were properly recorded: Powder issue...
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