b. Construct the statement of stockholders' equity for the year ending December 31, 2021, and the 2021 statement of cash flows. Hint: The difference in accumulated depreciation from one year to the next is the annual depreciation expense for the year. Laiho Industries: Statement of Stockholders' Equity, December 31, 2021 (thousands of dollars) Balances, December 31, 2020 Common stock issue 2021 Net income Cash dividends Addition to retained earnings Balances, December 31, 2021 $ Common Stock Retained Earnings Total Stockholde Equity $ $ $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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b. Construct the statement of stockholders' equity for the year ending December 31, 2021, and the 2021
statement of cash flows. Hint: The difference in accumulated depreciation from one year to the next is the
annual depreciation expense for the year.
Laiho Industries: Statement of Stockholders' Equity, December 31, 2021 (thousands of dollars)
Balances, December 31, 2020
Common stock issue
2021 Net income
Cash dividends
Addition to retained earnings
Balances, December 31, 2021
$
Common Stock
Retained Earnings
Total Stockholde
Equity
$
$
$
Transcribed Image Text:b. Construct the statement of stockholders' equity for the year ending December 31, 2021, and the 2021 statement of cash flows. Hint: The difference in accumulated depreciation from one year to the next is the annual depreciation expense for the year. Laiho Industries: Statement of Stockholders' Equity, December 31, 2021 (thousands of dollars) Balances, December 31, 2020 Common stock issue 2021 Net income Cash dividends Addition to retained earnings Balances, December 31, 2021 $ Common Stock Retained Earnings Total Stockholde Equity $ $ $
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