Differences between the beginning and ending balances

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Reference no: EM13824634

Bond Features

Define the following terms related to bonds payable.

Debenture bonds Face value of the bonds

Secured bonds Face rate of interest

Convertible bonds Issue price

Callable bonds

Reporting Changes in Stockholders' Equity Items

On May 1, 2013, Ryde Inc. had common stock of $345,000, additional paid-in capital of $1,298,000, and retained earnings of $3,013,000. Ryde did not purchase or sell any common stock during the year. The company reported net income of $556,000 and declared dividends in the amount of $78,000 during the year ended April 30, 2014.

Question

Prepare a financial statement that explains the differences between the beginning and ending balances for the accounts in the Stockholders' Equity category of the balance sheet.

Reference no: EM13824634

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