User Account

All Pages

Calculate total stockholders equity at the end of the year

Assignment Help Financial Accounting
Reference no: EM13912267

Stockholders' equity totaled $82,000 at the beginning of the year. During the year, net income was $12,000, dividends of $3,000 were declared and paid, and $10,000 of common stock was issued at par value.

Required:

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

Reference no: EM13912267

Questions Cloud

Calculate d and rs total operating income : Management is considering adding a new product to the company's product line. The new item will have $8.25 of variable costs per unit. Calculate the selling price that will be required if this product is not to affect the average contribution margin ..
What is a subsequent event : Assuming that this event did meet the definition of a subsequent event, would you classify it as a subsequent event that relates to a condition that existed at the date of the financial statements or one that arose after the date of the financial ..
Mass of hexamethylenediamine : a) What mass of Hexamethylenediamine can be prepared from 1 x 10^3 of adipic acid? b) What is the percent yield if 765g Hexamethylenediamine is made from 1 x10^3 adipic acid?
Find an example of a pie chart or bar chart in a newspaper : Find an example of a pie chart or bar chart in a newspaper or magazine. Copy it, and hand it in with a written analysis of the information conveyed by the chart.
Calculate total stockholders equity at the end of the year : Stockholders' equity totaled $82,000 at the beginning of the year. During the year, net income was $12,000, dividends of $3,000 were declared and paid, and $10,000 of common stock was issued at par value.
Most likely occurred as a result of this transaction : On June 18, Baltic Arena paid $6,600 to Marvin Maintenance, Inc. for cleaning the arena following a monster truck show. Which of the following most likely occurred as a result of this transaction.
How many degrees ould be assigned to pie slice for response : How many degrees (out of 360) would be assigned to the "pie slice" for the response (a)? How many degrees would be assigned to the "pie slice" for response (b)? Construct the pie chart for the exam question responses.
What is resonance energy : What is resonance energy? Explain taking the example of benzene. What do you understand by para-directing activators, para-directing deactivators and meta-directing deactivators?
Level of output increases : As the level of output increases, what happens to the difference between the value of average total cost and average variable cost? Decreases because average fixed cost decreases as output increases.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Explain the cash flows related to the cost of financing

CLASSIFICATION OF CASH FLOWS RELATED TO THE COST OF FINANCING. Under U.S. GAAP, the statement of cash flows classifies cash expenditures for interest expense on debt. Explain this apparent paradox.

  Quince interests is a partnership with a tax year that ends

quince interests is a partnership with a tax year that ends 30th september 2012. during that year potter a partner

  Define solar company sold merchandise on account

Solar Company sold merchandise on account to Kit Company for $9,000 on June 3, 2012, with terms 2/10, n/30. On June 7, 2012, Solar Company received $850 of returned merchandise from Kit Company and issued a credit memorandum for the appropriate am..

  Individual income tax return is mailed

If a calendar year taxpayer’s 2013 individual income tax return is mailed on June 15, 2014, the statute of limitations would normally run out on:

  Is producing automotive parts core business process for HMC

Identify at least six reasons why companies choose to outsource a business process? Which of these reasons might Dick use to make his decision to outsource or to attempt BPR? Is producing automotive parts a "core" business process for HMC? Explain

  Advantages to chieftain from having large cash balance

Name at least two advantages to Chieftain from having no long-term debt and what are some of the advantages to Chieftain from having this large a cash balance? What is a disadvantage?

  Explain the proceeds from sale of properties

Matching Items Reported to Cash Flow Statement Categories (Indirect Method) - MillerCoors Brewing Company is the world's fifth largest brewer. In the United States, its tie to the magical appeal of the Rocky Mountains is one of its most powerful t..

  Find gregson ending inventory using absorption costing

Find Gregson ending inventory using absorption costing and evaluate Gregson ending inventory using variable costing?

  What is the monthly break -even point in units

What is the monthly break -even point in units? How many units must be sold each month to make a monthly profit of $14000?

  Requiring maintenance of a specified level of net worth

Beatty, Weber, and Yu (2008) analyzed a sample of U. S. firms with debt covenants that required the firm to maintain a specified level of net worth. Almost two-thirds of these covenants contained income escalators, whereby the required level of net w..

  Illustrate what is the best estimate for the firm value

Illustrate what is the best estimate for the firm's value of equity, in millions

  Job-order costing system-manufacturing overhead account

Colorado Company uses a job-order costing system. Account balances at the end of the year were: What journal entry(s) are necessary to close the Manufacturing Overhead account if the amount in the account ($90,000) is all materials?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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