Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 20

Preparing a Statement of Stockholders' Equity
The following is a summary of the transactions affecting the stockholders' equity of Dry Wall, Inc., during the current year:

Note: Parentheses ( ) indicate a reduction in stockholders' equity.sterisk * indicates no change in total shareholders' equity.
Instructions
a.repare a statement of stockholders' equity for the year.se the column headings and begin­ning balances shown below.Notice that all additional paid-in capital accounts are combined into a single column.)

b.hat was the Overall effect on total stockholders' equity of the 10 percent stock dividend of 15,000 shares What was the overall effect on total stockholders' equity of the cash divi­dends declared Do these two events have the same impact on stockholders' equity Why or why not