User Account

All Pages

What is the amount of stockholders equity at the end of year

Assignment Help Accounting Basics
Reference no: EM132240398

Question - Precision Camera Services started the year with total assets of $90,000 and total liabilities of $65,000. The revenues and the expenses for the year amounted to $100,000 and$70,000, respectively. During the year, the company did not issue any common stock, but it distributed dividends of $40,000. What is the amount of stockholders' equity at the end of the year?

Reference no: EM132240398

Questions Cloud

Calculate the gain or loss on the sale : On January 2, 2016, Twilight Hospital purchased a $92,000 special radiology scanner from Bella Inc. Calculate the gain or loss on the sale
Why is it an important outcome variable : What is job satisfaction and why is it an important outcome variable? Why is it an important input variable?
Discuss about the health care workforce shortage : Select a hospital, which is not more than two hours away from your place of residence. Based on your readings and understanding, create a 5- to 6-page report.
What should the american executive do : A visiting American executive finds out that a foreign subsidiary in a poor nation has hired a 12 year old girl to work on a factory floor
What is the amount of stockholders equity at the end of year : Precision Camera Services started the year with total assets of $90,000 and total liabilities of $65,000. What is the amount of stockholders' equity
Are facilitating payments : Are facilitating payments (speed payments) ethical?
What could be implications for international business : What could be implications for international business of differences in the dominant religion or ethical system of a country?
Calculate dynamic net income for the year : During the year, the company did not issue any common stock, but it distributed dividends of $50,000. Calculate Dynamic's net income for the year
What are the components of competitive strategy : Within competitive strategy what is the relevance of a value change framework? What are the implications for customers and the competition?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Now suppose that hunter considers the time value of money

dominic hunter a second-year business student at the university of utah will graduate in two years with an accounting

  Discuss what pricing rules has patel not followed

When asked how he arrived at the base price, he said his cousin developed that price for his pizza restaurant in New York City

  Taxable income from the scholarship

Earl is also a residence hall assistant, for which he receives a $1,000 tuition reduction and free room and board worth $6,000 per year. Earl's annual costs for tuition, books, and supplies are $8,000. Does Earl have any taxable income from the sc..

  How much is reported for goodwill

On June 1, 200X, Ben's accounts receivable had a fair value of $ 140,000. On Post's June 1 consolidated balance sheet, how much is reported for goodwill

  Various inventory issues the following independent situation

What is Donovan's Inventoriable cost for 2010? Answer each of the preceding questions about inventories, and explain your answers.

  Why are budgets important to a company

The topic for this week is budgets. Why are budgets important to a company? Choose your favorite manufacturing company

  How does the financing of social security differ

How does the financing of Social Security differ from the financing of most state and local government pension plans?

  Produce a high figure for cost of goods sold

Blake Corporation deliberately overstated purchases to produce a high figure for cost of goods sold (low amount of net income)

  Nbspnbspnbspnbspnbspnbspnbspnbspnbsp exercise

nbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp exercise

  The company carefully kept track of all its cash receipts

Horeb Company, a ski tuning and repair shop, opened in November 2011. The company carefully kept track of all its cash receipts and cash payments.

  What will be the effect of these two changes

Variable period costs include selling commissions equal to 2% of revenue. What will be the effect of these two changes on the special order profit

  An asset and the stockholder equity account

The purchase of inventory affects both an asset and the stockholder's equity account

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