Prepare the stockholders’ equity section of Dirk Company”s December 31, 2014, balance sheet.


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Prepare the stockholders’ equity section of Dirk Company”s December 31, 2014, balance sheet. 1 answer below » Dirk Company reported the following balances at December 31, 2013: common stock $500,000, paid-in capital in excess of par value—common stock $100,000, and retained earnings $250,000. During 2014, the following transactions affected stockholder”s equity. Issued preferred stock with a par value of $125,000 for $200,000. Purchased treasury stock (common) for $40,000. Earned net income of $180,000. Declared and paid cash dividends of $56,000. Instructions Prepare the stockholders’ equity section of Dirk Company”s December 31, 2014, balance sheet. Jun 11 2014 04:14 PM

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