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. |
Homework Answers
Stockholders equity will be the difference between Assets and liabilities.
= $4220 - $2530
= $1690
Hence answer is option D.
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Presented below are data for Carla Vista Co.
2020
2021
Assets, January 1
$4220
$5100
Liabilities,...
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