Use the comparative financial statements of Penny Company for the year ended December 31,2012 to answer the following question(s).
Penny Company
Statement of Stockholder's Equity
for the Year Ended December 31,2012
REQUIRED:
(1)What is the primary cause of the change in Penny's stockholders' equity from January 1,2012 to December 31,2012?
(2)Did Penny declare dividends during 2012? 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 31,2012 to answer the following question(s).
Penny Company
Statement of Stockholder's Equity
for the Year Ended December 31,2012
  REQUIRED:
(1)What is the primary cause of the change in Penny's stockholders' equity from January 1,2012 to December 31,2012?
(2)Did Penny declare dividends during 2012? How do you know? Which items would be included as part of comprehensive income,if any?

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The Answer of Use the comparative financial statements of Penny Company for the year ended December 31,2012 to answer the following question(s).
Penny Company
Statement of Stockholder's Equity
for the Year Ended December 31,2012
  REQUIRED:
(1)What is the primary cause of the change in Penny's stockholders' equity from January 1,2012 to December 31,2012?
(2)Did Penny declare dividends during 2012? 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