FINANCIAL STATEMENTS The Davidson Corporation’s balance sheet and income statement are provided here.
a. Construct the statement of stockholders’ equity for December 31, 2014. No common stock was issued during 2014.
b. How much money has been reinvested in the firm over the years?
c. At the present time, how large a check could be written without it bouncing?
d. How much money must be paid to current creditors within the next year?