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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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5 0
3 years ago
George Jefferson established a trust fund that provides $170,500 in scholarships each year for worthy students. The trust fund e
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Answers

let <em>C</em> be the capital, then :

C\times4 \%  = 170500\\C\times\frac{4}{100}= 170500\\C=170500\times\frac{100}{4}\\C=4262500

The capital contributed by Mr. Jefferson was <em>$4,262,500</em>

3 0
3 years ago
Read 2 more answers
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