How much was net income for the year

Assignment Help Accounting Basics
Reference no: EM133144162

Question - Beginning stockholders equity was $141,280 ending stockholders equity was $208,350 additional issuances of capital stock during the year amounted to $25,160 dividends during the year amounted to $14,000, how much was net income for the year?

Reference no: EM133144162

Questions Cloud

Difference between training people to be merely competent : Is there a difference between training people to be merely competent and training/challenging them to be exceptional? How would that affect your training strate
Example of human resource : Which of the following is the best example of "human resource"?
What part did filters of perception and meaning play : The first step in the "I am" exercise is for you to get you in touch with how you perceive yourself. You should begin by first completing the I am interactive
Use of hard and soft power in a current event topics : Identify the use of hard and soft power in a current event topics.
How much was net income for the year : Beginning stockholders equity was $141,280 ending stockholders equity was $208,350, How much was net income for the year
How can business lobbying of government be justified : "In order to protect the dairy farmers, the Canadian government has assured the provinces it will pay compensation to cheese producers, and that it will set up
How do swings in supply and demand of other products : How do swings in supply and demand of other products (such as gasoline) and the resulting increases in prices impact you? Should the government intervene?
Objectives for substantive tests of interest-bearing debt : Describe three ways in which the auditors establish the completeness of accounts payable. List audit objectives for substantive tests of interest-bearing debt.
Determine the galleon weighted-average cost of capital : The market value of Galleon's debt and equity capital totals $175 million, Determine the Galleon weighted-average cost of capital

Reviews

Write a Review

Accounting Basics Questions & Answers

  Bangura company provides this information for the month

bangura company provides this information for the month ended october 31 2012 sales on credit 300000 cash sales 150000

  Describe the substantive audit strategy

Describe the Substantive Audit Strategy? Describe the Reliance Audit Strategy? Describe 3 types of audit procedures used to obtain an

  Prepare an income statement for michaels company

Michaels Company segments its income statement into its East and West Divisions. The company's overall sales, contribution margin ratio, and net operating income are $620,000, 57%, and $57,000, respectively.

  What benefits are there to learning to do the work manually

Accounting Education- What benefits are there to learning to do the work manually before being introduced to accounting software?

  What was the estate distributable net income

The following additional information pertains to the estate's income and disbursements for the year. For the calendar year, what was estate distributable income

  Profitability analysis for two companies

The following data shows four items from the financial statements of two companies for a recent year (amounts in millions of US$):

  What are several possible explanations for the markdown

What are several possible explanations for the markdown and slow sale of common waleth Edison's bonds?

  Calculate the breakeven point in units

Jack and Jill Company produces two products, X and Y. X sells for $10/unit and Y sells for $20/unit. The products have a variable cost of $9 for X and $14 for Y. Last year the company sold 10,000 units of X and 40,000 units of Y. Fixed costs are a..

  Compute the net present value of each investment

Whitney Company is contemplating three different equipment investments. Compute the net present value of each investment. Ignore income taxes

  Determine the weighted-average number of shares

Determine the weighted-average number of shares that Melton Corporation would use in calculating earnings per share for the fiscal year ended

  From the e-activity compare and contrast the cause and

cause and effectbull from the e-activity compare and contrast the cause and effect of at least one cost driver in the

  Compute the direct manufacturing labor price and efficiency

Wilson's Winter Woolens manufactures jackets and other wool clothing. Compute the direct manufacturing labor price and efficiency variances for the quarter

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