Calculate total stockholders equity at the end of the year

Assignment Help Accounting Basics
Reference no: EM133246879

Stockholders' equity totaled $246,000 at the beginning of the year. During the year, net income was $36,000, dividends of $9,000 were declared and paid, and $30,000 of common stock was issued at par value.

Required: Calculate total stockholders' equity at the end of the year.

Reference no: EM133246879

Questions Cloud

Name the two major organizations : Name the two major organizations that sets standards and explain the due processes of setting a new accounting standard? Please write one paragraph.
Prepare the journal entry to record the bond purchase : On January 1, 2023, Mustafa Limited paid $537,907.40 for 12% bonds with a maturity value of $500,000. The bonds provide the bondholders with a 10% yield. They a
Explain business functions : Accounting is considered the language of business. Do you agree? Why do you think accounting is the language of business over and above other business functions
Discuss the four major goals of managed care : Define managed care and discuss the four major goals of managed care and how they play a role in the health care system.
Calculate total stockholders equity at the end of the year : Stockholders' equity totaled $246,000 at the beginning of the year. During the year, net income was $36,000, dividends of $9,000 were declared and paid
Discuss stress impacts health : First, discuss how stress impacts health and well-being generally (i.e. at any age). Provide at least one (1) cogent example.
Equity section of ackerman : On January 1, 2021, Ackerman Company acquires 80% of Seidel Company for $1,848,960 in cash consideration. The remaining 20 percent noncontrolling interest share
What is the average tax rate of an individual : The table above shows tax liabilities associated with various income levels under a hypothetical tax system.
Objectives for presentation in the financial statements : Listed below are several of the auditors' objectives for presentation in the financial statements.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd