Complete the Statement of Financial Position (Partial) using the information giv

Question

Complete the Statement of Financial Position (Partial) using the information given:

Brief Exercise 11-11 Handley Corporation reported the following statement of changes in equity accounts for the year ended December 31, 2018 HANDLEY CORPORATION Statement of Changes in Equity Year Ended December 31, 2018 Contributed Capital Accumulated Other Common Contributed Retained Comprehensive Shares Total Surplus $1,515,000 $505,000 $3,030,000 Earnings Income Bal., Jan. 1 Issued common shares Declared and issued stock dividend Declared cash dividends $5,151,000 444,400 0 $101,000 444,400 111,100 (111,100) (136,350) (136,350) Comprehensive income 757,500 757,500 25,250 6,241,800 Net income Other comprehensive income Bal., Dec. 31 25,250 $126,250 $2,070,500 $505,000 $3,540,050 Handley had an unlimited number of common shares authorized and 550,000 shares issued at December 31. Prepare the shareholders' equity section of its statement of financial position at December 31, 2018. (Enter account name only and do not provide descriptive information.)

Explanation / Answer

HANDLEY CORPORATION

Statement of financial position

As on december 31 2018

HANDLEY CORPORATION

Statement of financial position

As on december 31 2018

stockholders equity Paid in capital common shares 2070500 contributed capital 505000 Total paid in capital 2575500 Retained earning 3540050 Accumulated other comprehensive income 126250 Total stockholders equity 6241800

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.