Current Attempt in Progress Swifty Corporation, a public company, reported the following balances at January 1, 2023: Common Shares (32,400 shares issued, unlimited authorized) Retained Earnings Contributed Surplus Accumulated Other Comprehensive Income $810,000 1,528,000 150,000 30,400 During the year ended December 31, 2023, the following summary transactions occurred: Net income earned during the year Unrealized gain on FV-OCI investments Reduction of contributed surplus during the year due to repurchase of common shares Reduction of common shares account balance during the year due to repurchase of 1,200 common shares Dividends declared during the year on common shares Issued 2,100 common shares during the year $304,000 21,000 17,000 30,000 61,000 84,000 Prepare the shareholders' equity section of the SFP at December 31. SWIFTY CORPORATION Statement of Financial Position (Partial) eTextbook and Media tA $

Current Attempt in Progress Swifty Corporation, a public company, reported the following balances at January 1, 2023: Common Shares (32,400 shares issued, unlimited authorized) Retained Earnings Contributed Surplus Accumulated Other Comprehensive Income $810,000 1,528,000 150,000 30,400 During the year ended December 31, 2023, the following summary transactions occurred: Net income earned during the year Unrealized gain on FV-OCI investments Reduction of contributed surplus during the year due to repurchase of common shares Reduction of common shares account balance during the year due to repurchase of 1,200 common shares Dividends declared during the year on common shares Issued 2,100 common shares during the year $304,000 21,000 17,000 30,000 61,000 84,000 Prepare the shareholders' equity section of the SFP at December 31. SWIFTY CORPORATION Statement of Financial Position (Partial) eTextbook and Media tA $

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter12: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

Problem 22E: Statement of stockholders equity The stockholders equity T accounts of I-Cards Inc. for the year...

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