How much was net income for the year

Assignment Help Accounting Basics
Reference no: EM132445778

Question - Beginning stockholders' equity was $120,000. Ending stockholders' equity was $195,000. Additional issuances of capital stock during the year amounted to $18,000. Dividends during the year amounted to $12,000. How much was net income for the year?

Reference no: EM132445778

Questions Cloud

Prepare only stockholder equity section of balance sheet : On December 31, 2016, Common Stock was authorized 50,000 shares and Preferred Stock was authorized 5,000 shares. Prepare Only Stockholder Equity section
Research the true state of our aging infrastructure : Research the true state of our aging infrastructure and discuss how ASCE came up with it's grade. You should include what has been done to date since ASCE
What is the model minority theory : What is the Model Minority theory? Discuss Model Minority theory,its origins,impact on Asian American community, and effect the theory has Asian American
How much was Bravo Company net income : Bravo Company began operations at the beginning of 20X6 with a $10,000 cash investment by stockholders. How much was Bravo Company net income
How much was net income for the year : Beginning stockholders' equity was $120,000. Ending stockholders' equity was $195,000. How much was net income for the year
What relationship between personal and social change : What is the relationship between personal change and social change?Explain and discuss about Gladwell and Orr both focus on change.
At what amount should the land be carried on Bravo books : At the time the land was purchased, Bravo intended to hold it for 20 years. At what amount should the land be carried on Bravo's books today
What is the equilibrium price of laptops : What is the equilibrium price of laptops? What is the equilibrium quantity of laptops? What is the price elasticity of demand at the equilibrium price
What is Bravo stockholders equity : Cash $8,500,000; Land, $4,700,000; Buildings, $1,300,000; and Other Assets, $200,000. What is Bravo stockholders equity

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