10. Campbell reported the following selected information at August 2, 2013 ($ mi
ID: 2532954 • Letter: 1
Question
10. Campbell reported the following selected information at August 2, 2013 ($ millions):
Common stock, August 3, 2012
$600
Stock issued during August 3, 2012 to August 2, 2013
320
Retained Earnings, August 3, 2012
791
Net income
736
Dividends
357
Use this information to prepare a statement of stockholders’ equity for Campbell’s for the year ending August 2, 2013.
Common stock, August 3, 2012
$600
Stock issued during August 3, 2012 to August 2, 2013
320
Retained Earnings, August 3, 2012
791
Net income
736
Dividends
357
Explanation / Answer
Common Stock Retained Earnings Total Stockholder's Equity Balance August 3 ,2012 600 791 1,391 Add: Common Stock 320 320 Add: Net Income 736 736 Less : Dividends -357 -357 Balance August 2 ,2013 920 1,170 2,090
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