Total assers were su000 and total liakilihg evere 45ooo at t beginning of the gear Net...

Question

Question

Total assers were su000 and total liakilihg evere 45ooo at t beginning of the gear Net incore for e yeac wos (7000 aud lividends duning e year 6STO uere declared and paiJ uCal aulale otal t-ock holders qtyat e year fdceduckble amout s should le laya namus 댓an) end of amount S indicaled

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Stockholders Equity (also known as Shareholders Equity) is an account on a company’s balance sheet that consists of share capital plus retained earnings. It also represents the residual value of assets minus liabilities.

Stockholders Equity = Total Assets – Total Liabilities.

= $84000 - $45000

=$39000.

Add a comment

Answer 2

Similar Homework Help Questions

Total assers were su000 and total liakilihg evere 45ooo at t beginning of the gear Net...

Total assers were su000 and total liakilihg evere 45ooo at t beginning of the gear Net incore for e yeac wos (7000 aud lividends duning e year 6STO uere declared and paiJ uCal aulale otal t-ock holders qtyat e year fdceduckble amout s should le laya namus 댓an) end of amount S indicaled
Davis Ltd.’s total assets and total liabilities were $27,000 and $18,000 respectively at the beginning of...

Davis Ltd.’s total assets and total liabilities were $27,000 and $18,000 respectively at the beginning of the current year, and $31,000 and $20,000 respectively at the end of the current year. If the company issued no common shares during the year and earned $4,000 in net income, how much did it declare in dividends?
For the current accounting year, beginning and ending total liabilities were S15,000 and $31,000, respectively. At...

For the current accounting year, beginning and ending total liabilities were S15,000 and $31,000, respectively. At year-end, owner's equity amounted to S29,000, and total assets were $21,000 larger than at the beginning of the year. If the common stock sold to owners during the year amounted to $5,000 and dividends paid to owners totaled $2,000, net income or net loss for the year was: A $10,000 net loss B. S5,000 net income C. $2,000 net income D. S10,000 net income...

For the year, Beta had beginning total liabilities of $25,000 and ending total liabilities of S15,000....

For the year, Beta had beginning total liabilities of $25,000 and ending total liabilities of S15,000. During the year, total assets increased s30.000. The begimnmg balance in stockholders" equity was $40,000. In addition, common stock of $10,000 was sold at par value, and dividends of $5,000 were declared and paid. How much was Beta's net income for the year. HINT: Use changes in the accounting equation to solve this problem. A. S5,000 B. $10,000 C. $15,000 D. $20,000 E. None...
did smith are in a net income or suffer a net loss for the year?compute the...

did smith are in a net income or suffer a net loss for the year?compute the amount HW Score: 202.7 %E1-24 (similar to) Question The records of Smith Company show the following at December 31, 2018 Click the icon to view the data) Requirements 1. Compute the missing amount for Smith Company You will need to work through owner's equity 2. Did Smith na net income of suffer a netloss for the year? Compute the amount Requirement 1. Compute the...
1. Prepare T-accounts for all the accounts listed above and enter the beginning balances. You will...

1. Prepare T-accounts for all the accounts listed above and enter the beginning balances. You will first need to determine for each account if it has a debit or credit balance. Set aside space for additional T-accounts for income statement accounts. Record each of the transactions in the appropriate T-accounts. You will need to make new T- accounts for income statement accounts. The beginning balance for the income statement accounts is zero. Prepare an income statement for 2019. Below are...

a. Net income for the year was $115,000 b. Dividends of $110,000 cash were declared and...

a. Net income for the year was $115,000 b. Dividends of $110,000 cash were declared and paid. c. Scoreteck's only noncash expense was $85,000 of depreciation. d. The company purchased plant assets for $85,000 cash. e. Notes payable of $35,000 were issued for $35,000 cash. Complete the following spreadsheet in preparation of the statement of cash flows. (The statement of cash flows is not required Report operating activities under the indirect method. (Enter all amounts as positive values.) SCORETECK CORPORATION...
Summarized versions of Burritos Corporation's financial statements for two recent years are as follows(Click the icon...

Summarized versions of Burritos Corporation's financial statements for two recent years are as follows(Click the icon to view the financial statements.) Requirement 1. Complete Burritos Corporation's financial statements by determining the missing amounts denoted by the letters. If necessary, round numbers up to the nearest whole dollar. (Round the tax calculation to the nearest thousand dollars. Use parentheses or a minus sign when entering a net decrease in cash) table 2019 2018 Income Statement (in Thousands) Revenues $15,100.00 Cost of...
I need help with the T accounts! Starfruit Inc., headquartered in Ridgway, Colorado, designs, manufactures, and...

I need help with the T accounts! Starfruit Inc., headquartered in Ridgway, Colorado, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players and sells a variety of related software and services. The following is Starfruit's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). STARFRUİT INC. CONSOLIDATED BALANCE SHEET September 27, 2014 (dollars in millions) ASSETS Current assets: Cash $ 13,994 11,353 17644 2,130 24,096 69,217...

Chapter 22 for the year beginning l y 1, 2017, the general e s of December...

Chapter 22 for the year beginning l y 1, 2017, the general e s of December 31, 208, is prepared by the counting Budited Income Statement and Balance Sheet As a preliminary to requesting b estmates osas, costs, and Department of Rena Soroc $102.300 Accounts Receivable 152.000 Fshed Goods 38,200 Work in process 25.500 Materials 41,900 Prepaid Expenses 3.100 Plant and Equipment 533,500 Accumulated Depreciation --Pant and Equipment Accounts Payable Common Stack, $10 par $229,400 155,100 300.000 24,500 and Earnings...

Total assers were su000 and total liakilihg evere 45ooo at t beginning of the gear Net...

Homework Answers