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2. Prepare the statement of stockholders’ equity for the year ended December 31, 2018, note that...

2. Prepare the statement of stockholders’ equity for the year ended December 31, 2018, note that during the year the company issued additional common stock for $30,000. This amount is included in the amount for Common Stock in the adjusted trial balance.

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Solution:-

Statement of shareholders' equity
for the year ended 31 December 2018
Common stock Additional paid in capital Capital reserve Treasury stock Retained earnings Revaluation surplus Total
Balance as at 1-Jan-18 XXX XXX XXX XXX XXX XXX XXX
Issue of bonus shares XXX XXX XXX XXX XXX XXX XXX
Issue of new shares 30,000 XXX XXX XXX XXX XXX XXX
Net income
XXX XXX XXX XXX XXX XXX XXX
Transfer to capital reserve XXX XXX XXX XXX XXX XXX XXX
Dividends
XXX XXX XXX XXX XXX XXX XXX
Share buyback XXX XXX XXX XXX XXX XXX XXX
Reversal of revaluation XXX XXX XXX XXX XXX XXX XXX
Balance as at 31-Dec-18 XXX XXX XXX XXX XXX XXX XXX

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