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BabaBlast [244]
4 years ago
14

Beginning stockholders' equity was $120,000. Ending stockholders' equity was $195,000. Additional issuances of capital stock dur

ing the year amounted to $18,000. Dividends during the year amounted to $12,000. How much was net income for the year?
Business
1 answer:
slamgirl [31]4 years ago
6 0

Answer:

The net income for the year is $ 69,000.

Explanation:

This question requires us to find net income for the year. The equity in balance sheet comprises of common stock, reserves and retain earning etc. So net income will be determine in the following way

Opening equity +addition in equity + net income = closing equity + dividend

120,000 + 18,000 + net income = 195,000 + 12,000

Net income = $ 69,000

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Next, imagine that you are a manager of a start-up company with limited cash and resources. In your initial post, describe the t
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3 years ago
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Genrish500 [490]

Answer:

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4 0
3 years ago
When applying the characteristics of business buyer behavior, which event is not an example?
Anarel [89]

I'm on the same question right now. I wanna say C, <em>Black & Decker sells its power tools directly to consumers on the Internet.</em>

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Black & Decker isn't involved with any other businesses.

Anyways, I'd say C :)

EDIT: it is C, 100%. Just finished

5 0
3 years ago
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