At the beginning of the year (January 1), Buffalo Drilling has $12,000 of common stock...
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Accounting
At the beginning of the year (January 1), Buffalo Drilling has $12,000 of common stock outstanding and retained earnings of $6,800. During the year, Buffalo reports net income of $7,100 and pays dividends of $1,800. In addition, Buffalo issues additional common stock for $6,600. Required: Prepare the statement of stockholders' equity at the end of the year (December 31)
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