Sunland Rental Corporation had the following balances in its shareholders' equity accounts at January 1, 2021: Accumulated other comprehensive income (loss) Contributed surplus-reacquisition of common shares Retained earnings Common shares (25,000 shares) Feb. 2 Sunland had the following transactions and events during 2021: Apr. 17 Oct. 29 $(26,000 ) Dec. 31 559,000 1,600,000 625.000 Repurchased 1.200 shares for $57,600. Declared and I cash dividends of $71.000. Issued 1.900 shares for $106.000 cash. Reported comprehensive income of $415.000, which included other comprehensive income of $31.000.

Sunland Rental Corporation had the following balances in its shareholders' equity accounts at January 1, 2021: Accumulated other comprehensive income (loss) Contributed surplus-reacquisition of common shares Retained earnings Common shares (25,000 shares) Feb. 2 Sunland had the following transactions and events during 2021: Apr. 17 Oct. 29 $(26,000 ) Dec. 31 559,000 1,600,000 625.000 Repurchased 1.200 shares for $57,600. Declared and I cash dividends of $71.000. Issued 1.900 shares for $106.000 cash. Reported comprehensive income of $415.000, which included other comprehensive income of $31.000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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