Essay
Shockey Electric Ltd. has a December 31 year end. On January 1, 2021, the company had the following shareholder's equity accounts. 
Shockey Electric Ltd. had the following transactions during 2021:
The company reported income of $ 710,000, including other comprehensive income of $ 12,000 for 2021.
Instructions
a) Record all of the transactions.
b) Prepare the Statement of Changes in Shareholders' Equity.
c) Calculate Backwater's 2021 earnings per share.
Correct Answer:
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c)
Earnings available to common shar...View Answer
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Correct Answer:
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c)Earnings available to common shar...
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