Business, 06.07.2021 21:10 lyn94

At the beginning of the year (January 1), Buffalo Drilling has $11,000 of common stock outstanding and retained earnings of $6,900. During the year, Buffalo reports net income of $7,200 and pays dividends of $1,900. In addition, Buffalo issues additional common stock for $6,700. Required: Prepare the statement of stockholders' equity at the end of the year (December 31)..

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At the beginning of the year (January 1), Buffalo Drilling has $11,000 of common stock outstanding a...

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