Full file at https://testbankuniv.eu/Accounting-Volume-2-Canadian-9th-Edition-Horngren-Solutions-Manual
(15-20 min.) Common shares, Dec. 31, 2013 Issuance of shares for cash (3,000 shares at $60) Issuance of shares to purchase another company (15,000 shares at $70)
E 13-17
$ 300,000 180,000 1,050,000
Common shares, Dec. 31, 2014
$ 1,530,000
Retained earnings, Dec. 31, 2013
$ 1,538,000 1,430,000
Net income Cash dividends
(650,000)
Retained earnings, Dec. 31, 2014
Copyright Š 2014 Pearson Canada Inc.
Full file at https://testbankuniv.eu/Accounting-Volume-2-Canadian-9th-Edition-Horngren-Solutions-Manual
$2,318,000
167