the following balances were shown on the year end balance sheets for 2006 and2007 fo 541396
E8-10A. Analyze equity accounts. (LO 1,2, 3, 5)
The following balances were shown on the year-end balance sheets for 2006 and2007 for Columbia Company. For each item, give the most likely reason for the change from one year to the next.
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the following balances were shown on the year end balance sheets for 2006 and2007 fo 541396
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|
12/31/06 |
12/31/07 |
|
|
Common stock |
$ 45,000 |
$ 50,000 |
|
Paid-in-capital |
$200,000 |
$230,000 |
|
Retained earnings |
$182,500 |
*$200,000 |
|
Treasury stock |
$ (3,450) |
$ (5,450) |
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