The accounts from the stockholders' equity section of the balance sheet of Bahia Honda Company showed the following at December 31,2013:
Bahia Honda issued 475,000 shares of the $1 par value common stock on January 1,2013.
The company also is authorized to issue 500,000 shares of $5 par value,6% preferred stock.
During 2014,Bahia Honda had the following transactions:
Prepare a statement of changes in stockholders' equity for 2014 using the information given above.
Correct Answer:
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