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Verizon [17]
3 years ago
5

Gem Corporation is a new company and obtains financing by issuing common stock to investors for $30,000. During the year, Gem ea

rns $8,000 in net income and pays stockholders a dividend of $5,000. What is the total stockholders' equity at the end of the year?
Business
1 answer:
swat323 years ago
3 0

Answer: $33,000

Explanation: In simple words, stockholders equity is that amount of assets in the company, that is not financed by a liability. Thus, we can say that it is the difference between the assets and liabilities of the business.

It can be computed using following formula :-

stockholders equity = issuance of common stock + net income - dividend paid

                                 = $30,000 + $8,000 - $5,000

                                 = $33,000

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4 years ago
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3 years ago
The commonly accepted goal of an MNC is to:
Zolol [24]

Answer:

The correct answer is <em>maximize shareholder wealth.</em>

Explanation:

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5 0
3 years ago
g Zander Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold
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$518,700

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For the computation of unadjusted cost of goods sold first we need to find out the total cost of Job F21X and cost per unit which is shown below:-

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7 0
3 years ago
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