Question

Suppose Sydex sold 2 million shares of common stock, with
the company netting $25 per share. Construct a statement of the equity accounts
to reflect this sale.

Answer 1

Answer:

Statement of equity:

The equity statement is a financial statement that shows the change in the section of equity of the balance sheet at the time of accounting period. In simpler words, the statement shows the event that raise or decrease shareholder’s equity over a period of accounting.