alance at beginning of year let income (loss) eductions: Stock dividend (34,900 shares) Common shares retired (110,000 shares) Common stock cash dividends alance at end of year 2021 2020 2019 $ 6,794,292 $5,464,052 $ 5,624,552 3,308,700 2,240,900 (160, 500) 242,000 212,660 889,950 698,000 $ 8,971,042 $ 6,794,292 $ 5,464,052 December 31, 2018, common shares consisted of the following: Common stock, 1,855,000 shares at $1 par aid-in capital-excess of par $1,855,000 7,420,000 0
alance at beginning of year let income (loss) eductions: Stock dividend (34,900 shares) Common shares retired (110,000 shares) Common stock cash dividends alance at end of year 2021 2020 2019 $ 6,794,292 $5,464,052 $ 5,624,552 3,308,700 2,240,900 (160, 500) 242,000 212,660 889,950 698,000 $ 8,971,042 $ 6,794,292 $ 5,464,052 December 31, 2018, common shares consisted of the following: Common stock, 1,855,000 shares at $1 par aid-in capital-excess of par $1,855,000 7,420,000 0
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 19E: Lyon Company shows the following condensed income statement information for the year ended December...
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I need help with these please.
A. Record transfer of net loss to
B. Record transfer of net income to retained earnings.
C. Record repurchase of shares for retirement.
D. Record declaration of cash dividend.
E. Record payment of cash dividend.
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