Question

Soup Company reported the following selected information at July 31, 2016: Contributed capital, July 31, 2015...

Soup Company reported the following selected information at July 31, 2016:

Contributed capital, July 31, 2015

(15,340)

Stock purchased (net) during, July 31, 2015 to   July 31, 2016

(480)

Retained Earnings, July 31, 2015

18,370

Net income

1,548

Dividends

750

Other, July 31, 2015

(838)

Other

(714)



Use this information to prepare a statement of stockholders’ equity for Soup Company’s year ending July 31, 2016.

Homework Answers

Answer #1
Answer
Particulars Amount
Contributed Capital $         15,340
Add Stock Purchased $              480
Other Equity $              838
Other Equity Activity $              714
Retained Earnings $         18,370
Net Income for the Year $              750
Stockholder's Fund $         36,492
Net income for the year is treated as after payment of dividend.
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