Investing money is always good when the stock market is good
Institute of medicine.
Obesity is one of the main health issues for the USA. Obesity has multiple consequences not only on the obese person per se but also on the health system that has to deal with the multiple side effects of the obesity. This explains the paradox that the report of Institute of medicine is talking about, as the data for obese people increase as well as the data around the sales of dieting product.
Answer:
$85,000
Explanation:
Given that,
Shares sold = 50,000 shares of $3 par common stock for $5
Buys back = 10% of its common shares outstanding for $7 per share
Total equity on December 31 = $300,000
Balance in stockholder's equity without retained earnings:
= Beginning balance in stockholder's equity + Increase in stockholder's equity - Decrease in stockholder's equity
= $0 + (50,000 × $5) - (50,000 × 10% × $7)
= $250,000 - $35,000
= $215,000
Retained earnings on December 31:
= Total equity at December 31 - Balance in stockholder's equity without retained earnings
= $300,000 - $215,000
= $85,000
