Question

Presented below are data for Carla Vista Co. 2020 2021 Assets, January 1 $4220 $5100 Liabilities,...

Presented below are data for Carla Vista Co.

2020 2021
Assets, January 1 $4220 $5100
Liabilities, January 1 2530 ?
Stockholders' Equity, Jan. 1 ? ?
Dividends 857 649
Common Stock 776 678
Stockholders' Equity, Dec. 31 ? ?
Net Income 847 665


Stockholders' Equity at January 1, 2020 is

$2466.
$1454.
$1041.
$1690.
0 0
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✔ Recommended Answer
Answer #1

Stockholders equity will be the difference between Assets and liabilities.

= $4220 - $2530

= $1690

Hence answer is option D.

Feel free to ask any queries..

Also plz upvote it means a lot..thank you

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