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Aloiza [94]
3 years ago
14

Steeler Company has $71,000 in total assets and $44,000 in total liabilities. What is the amount of its stockholders' equity

Business
1 answer:
daser333 [38]3 years ago
6 0

Answer:

the amount of its stockholders' equity is $30,000

Explanation:

From The Accounting Equation, we know that :

Assets - Liability = Equity

Therefore,

Equity = $71,000 - $44,000

          = $30,000

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A company with 100,000 authorized shares of $7 par common stock issued 46,000 shares at $16. Subsequently, the company declared
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Answer:

$27,600

Explanation:

Amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend:

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3 years ago
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3 years ago
At the start of its fiscal year, a company anticipated producing 300,000 units throughout the year. The annual budgeted manufact
scoray [572]

Answer:

The correct answer to the following question is $36,000.

Explanation:

Given information  -

Units anticipated to be produced - 300,000 units

Variable cost - $150,000

Fixed cost - $600,000

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Ending inventory  - 7000 units

Income under absorption costing - $40,000

Now under the absorption costing, rate of fixed overhead cost per unit -

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