How many of the following transactions would increase total stockholders’ equity in the current period? •...
How many of the following transactions would increase total stockholders’ equity in the current period?
• Pay dividends to stockholders.
• Delay payment on supplies purchased until the following period.
• Provide services on account to customers.
• Borrow cash from a local bank.
Homework Answers
Only one transaction from these will increase the stockholder's equity
c. Provide services on account to customers.
Due to increase in revenue, retained earnings will increase
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How many of the following transactions would increase total
stockholders’ equity in the current period?
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Please analyze transactions with a
assets=liabilities+stockholders' equity table. Ending cash balance
equals $18,270, while total assets come out to $23,770. Net income
totals to $2,170
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