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The Following Is Selected Financial Information for Osmond Dental Laboratories

Question 108

Essay

The following is selected financial information for Osmond Dental Laboratories for 2012 and 2013: The following is selected financial information for Osmond Dental Laboratories for 2012 and 2013:   Osmond issued 2,000 shares of additional capital stock in 2013 for $20,000. There were no other capital transactions. Required: Prepare a statement of shareholders' equity for Osmond Dental Laboratories for the year ended December 31, 2013. Osmond issued 2,000 shares of additional capital stock in 2013 for $20,000. There were no other capital transactions.
Required:
Prepare a statement of shareholders' equity for Osmond Dental Laboratories for the year ended December 31, 2013.

Correct Answer:

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blured image *$53,000 ...

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