Statement of stockholders equity
Financial information related to Organic Products Company for the month ended June Y is as follows:
Net income for June $
Dividends paid in June
Common stock, June Y
Common stock issued in June
Retained earnings, June Y
Question Content Area
a Prepare a statement of stockholders equity for the month ended June Y
Organic Products Company
Statement of Stockholders Equity
For the Month Ended June Y
blank Common Stock Retained Earnings Total
Cash
$Cash
$Cash
$Cash
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Question Content Area
b Why is the statement of stockholders equity prepared before the June Y balance sheet?
The statement of stockholders equity is prepared before the June Y balance sheet because
as of June Y are needed for the June Y balance sheet.
