The following is selected financial information for Osmond Dental Laboratories for 2012 and 2013: Osmond issued 2,000 shares of additional capital stock in 2013 for $20,000. There were no other capital transactions. Prepare a statement of stockholders' equity for the year ended December 31, 2013.

Question

The following is selected financial information for Osmond Dental Laboratories for 2012 and 2013:  Osmond issued 2,000 shares of additional capital stock in 2013 for $20,000. There were no other capital transactions. Prepare a statement of stockholders' equity for the year ended December 31, 2013.

Quizplus · Accepted Answer

*$53,000 + 37,000 - 15,000 = $75,000

The Following Is Selected Financial Information for Osmond Dental Laboratories