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  • On January 1 2016 Osgood Film Studios Reported The Following

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    Osgood Film Studios reported its shareholders' equity items on January 1, 2016 which included additional paid-in capital, common stock, preferred stock, and retained earnings. In 2016, the company sold additional shares of common and preferred stock, earned income, and paid dividends on outstanding common and preferred stock. The statement of shareholders' equity for 2016 needs to be prepared to reflect these transactions.

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    On January 1 2016 Osgood Film Studios Reported the Following

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    Osgood Film Studios reported its shareholders' equity items on January 1, 2016 which included additional paid-in capital, common stock, preferred stock, and retained earnings. In 2016, the company sold additional shares of common and preferred stock, earned income, and paid dividends on outstanding common and preferred stock. The statement of shareholders' equity for 2016 needs to be prepared to reflect these transactions.

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    23 views1 page

    On January 1 2016 Osgood Film Studios Reported The Following

    Uploaded by

    Let's Talk With Hassan
    Osgood Film Studios reported its shareholders' equity items on January 1, 2016 which included additional paid-in capital, common stock, preferred stock, and retained earnings. In 2016, the company sold additional shares of common and preferred stock, earned income, and paid dividends on outstanding common and preferred stock. The statement of shareholders' equity for 2016 needs to be prepared to reflect these transactions.

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    © All Rights Reserved
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    of 1

    On January 1 2016 Osgood Film Studios reported the

    following #2418
    On January 1, 2016, Osgood Film Studios reported the following alphabetical list of
    shareholders’ equity items:Additional paid-in capital on common stock..........
    $170,000Additional paid-in capital on preferred stock.......... 12,000Common stock, $2
    par.................. 80,000Preferred stock, $100 par................. 60,000Retained
    earnings................... 209,000During 2016, the company sold 3,000 shares of common stock for
    $10 per share and 500 shares of preferred stock for $125 per share. It also earned income of
    $99,000 and paid dividends of $8 per share on the preferred stock and $1.50 per share on the
    common stock outstanding at the end of 2016.Required:Prepare Osgood’s statement of
    shareholders’ equity (include retained earnings) for 2016.View Solution:
    On January 1 2016 Osgood Film Studios reported the following

    ANSWER
    http://paperinstant.com/downloads/on-january-1-2016-osgood-film-studios-reported-the-
    following/

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