Use the comparative financial statements of Penny Company for the year ended December 31, 2015 to answer the following questions.
Penny Company
Statement of Stockholder's Equity
for the Year Ended December 31, 2015
.
REQUIRED:
1 What is the primary cause of the change in Penny's stockholders' equity from January 1, 2015 to December 31,
2015?
2 Did Penny declare dividends during 2015? How do you know? Which items would be included as part of comprehensive income, if any?

Question

Use the comparative financial statements of Penny Company for the year ended December 31, 2015 to answer the following questions.
Penny Company
Statement of Stockholder's Equity
for the Year Ended December 31, 2015
  .
REQUIRED:
1 What is the primary cause of the change in Penny's stockholders' equity from January 1, 2015 to December 31,
2015?
2 Did Penny declare dividends during 2015? How do you know? Which items would be included as part of comprehensive income, if any?

Quizplus · Accepted Answer

The Answer of Use the comparative financial statements of Penny Company for the year ended December 31, 2015 to answer the following questions.
Penny Company
Statement of Stockholder's Equity
for the Year Ended December 31, 2015
  .
REQUIRED:
1 What is the primary cause of the change in Penny's stockholders' equity from January 1, 2015 to December 31,
2015?
2 Did Penny declare dividends during 2015? How do you know? Which items would be included as part of comprehensive income, if any?

Use the Comparative Financial Statements of Penny Company for the Year