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Use the Statement of Stockholders' Equity for Lee's T A) What Is the Primary Reason for the Increase in Answer

Question 154

Essay

Use the Statement of Stockholders' Equity for Lee's T.V.Company to answer the questions that follow:
 Accumulated  Paid-in  Other Conm-  Comunon  Capital in  Retained  prehensive  Stack  Excessof Par  Earninas  Income  Tatal  Balance, January 1,2014 $57,937$31,924$19,027$1,010$109,898Exercise of stock options 9466,9657,911 Issuance of common stock 12,050151,823163,873 Conversion of convertible bonds 793100Net income 26,10226,102Unrealized holding gains 141141Curency translation adjustment 272272 Balance, December 31, 2014 $70,940$190,805$45,129$1,423$308,297\begin{array}{|l|l|l|l|l|l|}\hline && & & \text { Accumulated } & \\\hline && \text { Paid-in } & & \text { Other Conm- } & \\\hline &\text { Comunon } & \text { Capital in } & \text { Retained } & \text { prehensive } & \\\hline &\text { Stack } & \text { Excessof Par } & \text { Earninas } & \text { Income } & \text { Tatal } \\\hline \text { Balance, January 1,2014 } &\$ 57,937 & \$ 31,924 & \$ 19,027 & \$ 1,010 & \$ 109,898 \\\hline \text {Exercise of stock options } &946 & 6,965 & & & 7,911 \\\hline \text { Issuance of common stock } &12,050 & 151,823 & & & 163,873 \\ \hline \text { Conversion of convertible}& & & & & \\ \hline \text { bonds }&7 & 93 & & & 100 \\ \hline \text {Net income }& & & 26,102 & &26,102 \\ \hline \text {Unrealized holding gains }& & & &141 &141 \\ \hline \text {Curency translation }& & & & & \\ \hline \text {adjustment }& & & &272 &272 \\ \hline \text { Balance, December 31, 2014 }& \$ 70,940& \$ 190,805& \$ 45,129 & \$ 1,423 & \$ 308,297\\\hline\end{array}
A) What is the primary reason for the increase in total sto ckholders equity during 2014 ?
B) Did the board of directors declare any dividends during 2014? How can you tell?
C)Did the company repurchase any of its own shares churing 2014? How can you tell?

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A) Stockholders equity increased from blured image t...

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