1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
trapecia [35]
3 years ago
7

Mofro's Computer Repair Shop started the year with total assets of $300,000 and total liabilities of $200,000. During the year,

the business recorded $500,000 in computer repair revenues, $300,000 in expenses, and Mofro paid dividends of $50,000. Mofro's stockholders' equity changed by what amount from the beginning of the year to the end of the year?
Business
1 answer:
azamat3 years ago
8 0

Answer:

The change in stockholders' equity was of 150.000

Explanation:

With the amount of sales and expenses of the year, the company had a profit of 200.000, if it pay dividends by 50.000, it means that the company  retained earnings for 150.000, this is the change in the equity of the company and keep in cash in the total assets.

You might be interested in
If both an asset group and goodwill in one of a company's reporting units have to be tested for impairment, which of the followi
irga5000 [103]

Answer: A. The other asset group should be tested for an impairment loss before goodwill is tested.

Explanation:

According to the IFRS standards, it is important and necessary to revalue your assets according to their net realizable value, i.e, assets should be reported after deducting accumulated depreciation or amortization in the case of goodwill. In the case of inventory, NRV should be calculated by estimating impairments.

The other asset groups are tested to check for impairment loss and later the goodwill is tested.  

3 0
3 years ago
What is financial risk?
Rashid [163]

Answer:

what are the options? then ill reply with an answer.

3 0
3 years ago
True Furniture Co., Ltd. produces desks and cabinets for computers. The production process is largely divided into woodworking a
Tanya [424]

Answer:

??????????????

Explanation:

?????????

4 0
3 years ago
Shelby has an account at a financial institution that will waive the monthly fee if she keeps a certain amount in savings. what
pantera1 [17]
It is called as regular checking account. It is a checking account in which the monthly fee usually depends on the number of transactions recorded and the maintained average balance. Checking account is very liquid and can be accessed using checks, automated teller machines and other methods available.

7 0
3 years ago
Define the term business leadership​
podryga [215]

Answer:

business leadership​

is the capacity of a company's management to set and achieve challenging goals, take fast and decisive action when needed, outperform the competition, and inspire others to perform at the highest level they can.

Explanation:

4 0
4 years ago
Other questions:
  • In which part of a résumé would you mention the names and contact details of your previous employers? In your résumé, you need t
    10·2 answers
  • You are investigating a problem with the motherboard, what are the two main components to check out?
    13·2 answers
  • As a businessperson planning to open a new small business, you know that the business plan should not contain
    6·1 answer
  • Market research indicates that a new product has the potential to make the company an additional $1.6 million, with a standard d
    13·1 answer
  • Harris Supply has sales of Sales of $230, Cost of Goods Sold of $78, Depreciation of $40 and Interest Expense of $12. If their t
    5·1 answer
  • Diversification is important in investing because...
    5·2 answers
  • On January 1, 2012, Porter Corporation signed a five-year noncancelable lease for certain machinery. The terms of the lease call
    13·1 answer
  • Using the following information, what is the amount of gross profit?​
    5·1 answer
  • The determination of the productivity of the inputs utilised in the manufacturing process is a critical component of management
    14·1 answer
  • The degree to which the product meets or exceeds certain operating characteristics is known as?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!