As per Accounting Equation, Total Assets = Total Liabilities + Total Stockholders Equity | |||
36700=Total liabilities+13100 | |||
Total liabilities is = (36700-13100) | |||
Total liabilities is = $ 23,600/. |
Emmitt had the following fra balances after the first year of operations assets. 536,700, stockholders' equity...
Xavier had the following ending balances after the first year of operations: assets, $33,400; stockholders' equity, $18,000; dividends, $1,700; and net income, $30,500. What is the amount of Xavier's liabilities?
3 points . Emmett had the following final balances atter the first year of operations assets, $36.700 stockholders' equity 512300 dividends, 2000, and not income 50.000 what is the amount of Emmers sabilities?
ABC Company had the following accounts and balances for its first year of operations: $72 Cash Common Stock Dividends Equipment Expenses $6 $22 $46 Land $128 Notes Payable $73 Retained Earnings $11 Revenue $63 What value would be reported for Total Liabilities and Stockholders' Equity on the Balance Sheet? $156 $83 $162 $312
Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $140,000; Additional Paid-In Capital, $3,000,000; and Retained Earnings, $12,600,000. During June, Noric issued for cash 60,000 shares of common stock (with a stated value of $1) at $13 per share. Noric reported the following results for the month ended October 31: Net income $2,300,000 Cash dividends declared 455,000 Prepare a statement of stockholders' equity for the month ended October 31. If there...
Statement of stockholders' equity After its first month of operations, the following amounts were taken from the accounting records of West Coast Dreams Realty Inc. as of June 30, 2019. Cash $79,500 Notes payable $52,500 Common stock 37,500 Rent expense 7,500 Dividends 15,000 Retained earnings 0 Interest expense 3,000 Salaries expense 112,500 Land 63,000 Sales commissions 217,500 Miscellaneous expense 4,500 Utilities expense 22,500 Prepare a statement of stockholders' equity for the month ended June 30, 2049. If an amount box...
The Hastco Company had the following balances in their stockholders' equity accounts as of December 31, 2010: Paid-in Capital: $53,000 Retained Earnings: $31,000 During the year ended December 31, 2010, the Hastco Company generated $36,000 in net income, and declared and paid $16,000 in Dividends. The ending balance in the retained earnings account at December 31, 2009 was: O $11,000 O $37,000 O $5,000 O $61,000
Milton, Inc. had the following transactions in 2019, its first year of operations: . . Issued 8000 shares of common stock. Stock has par value of $0.01 per share and was issued at $40.00 per share. Earned net income of $200,000 Paid dividends of $8.00 per share. At the end of 2019, what is total stockholders' equity? $584,000 $136,000 $456,000 $320,000
12) Retained earnings at the end of the year is calculated using: A) Common stock and dividends. B) Beginning retained earings, net income, and dividends. C) Stockholders' equity, net income, and dividends. D) Net income and dividends. 13) Which of the following accounts has a credit balance! A) Land. B) Accounts Payable C) Salaries Expense. D) Prepaid Rent 14) Emmitt had the following final balances after the first year of operations assets, S55.000; stockholders' equity, 525,000; dividends, 53.000, and met...
On January 1, 2020, Pharoah Inc. had the following stockholders' equity balances. Common Stock (480,000 shares issued) $960,000 Paid-in Capital in Excess of Par-Common Stock 560,000 Common Stock Dividends Distributable 140,000 Retained Earnings 520,000 During 2020, the following transactions and events occurred. 1. Issued 70,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2021. 2. Issued 35,000 shares of common stock for cash at $4 per share. 3. Purchased 21,000...
ABC Company had the following accounts and balances for its first year of operations: Cash $6 Common Stock $65 Dividends $0 Equipment $30 Expenses $32 Land $151 Notes Payable $82 Retained Earnings $40 Revenue $72 What value would be reported for Total Assets on the Balance Sheet? $187 $6 $157 $40