Using Excel to Calculate Equity Balances PROBLEM Pasta Creations issued additional shares of common shares, reported net income, and declared dividends during the year. Information concerning its equity is provided here. Beginning of year common shares Beginning of year retained earnings. Additional common shares issued Net income reported Dividends declared $ 98,000 476,000 52,000 78,000 16,000 Student Work Area Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as a. Calculate the ending balances of (1) common shares, (2) retained earnings, and (3) total shareholders' equity. Common shares Retained earnings Total shareholders' equity
Using Excel to Calculate Equity Balances PROBLEM Pasta Creations issued additional shares of common shares, reported net income, and declared dividends during the year. Information concerning its equity is provided here. Beginning of year common shares Beginning of year retained earnings. Additional common shares issued Net income reported Dividends declared $ 98,000 476,000 52,000 78,000 16,000 Student Work Area Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as a. Calculate the ending balances of (1) common shares, (2) retained earnings, and (3) total shareholders' equity. Common shares Retained earnings Total shareholders' equity
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter17: Financial Statement Analysis
Section17.4: Analyzing Financial Statements Using Financial Ratios
Problem 1WT
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