At the end of the prior year annual reporting period, Barnard Corporation's balance sheet showed the following BARNARD CORPORATION Balance Sheet At December 31, Prior Year Stockholders' equity Contributed capital Common stock (par $15; 5,100 shares) Paid-in capital Total contributed capital Retained earnings Total stockholders' equity $76,500 16,000 92,500 49,000 $141,500 During the current year, the following selected transactions (summarized) were completed: a. Sold and issued 1,200 shares of common stock at $22 cash per share (at year-end). b. Determined net income, $47,000. c. Declared and paid a cash dividend of $3 per share on the beginning shares outstanding. Required: Prepare a statement of stockholders' equity for the year ended December 31, current year

what the difference between accounting income and economic income?

State the meaning of Income and Expenditure Account.

Required information Skip to question [The following information applies to the questions displayed below.] The following is financial information describing the six operating segments that make up Chucktown Sauce Company (in thousands): Segments Red $ 1,817 22 Sales to outside parties Intersegment revenues Salary expense Rent expense Interest expense (92) Income tax expense (savings) 147 Consider the following questions independently. None of the six segments have a primarily financial nature. c. What volume of revenues must a single customer generate to necessitate disclosing the existence of a major customer? Note: Enter your answer in dollars but not in thousands. 620 145 Blue Green Pink Black White $ 818 $520 $315 $127 $ 105 97 115 0 308 71 385 408 318 172 87 65 93 88 67 22 55 323 98 48 37 68 20 11 (70) 0