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Tresset [83]
3 years ago
8

A company reported total stockholders' equity of $163,000 on its balance sheet dated December 31, 2018. During the year ended De

cember 31, 2019, the company reported net income of $21,700, declared and paid a cash dividend of $5700, declared and distributed a 10% stock dividend with a $6700 total market value, and issued additional common stock for $33,000. What is total stockholders' equity as of December 31, 2019
Business
1 answer:
AlekseyPX3 years ago
5 0

Answer:

$212,000

Explanation:

Stockholders' equity  = December 31, 2018 stockholders'equity + 2019 net income - 2019 cash dividend declarations + 2019 common stock issue

Stockholders' equity = $163,000 + $21,700 - $5,700 + $33,000

Stockholders' equity = $212,000

So, the total stockholders' equity as of December 31, 2019 is $212,000

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The definition becomes defined in the clarification paragraph below, according to the particular circumstance.

Explanation:

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3 years ago
The goal of operations management is to produce a good or service at the highest possible cost while maintaining the lowest poss
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C) property

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3 years ago
Billie transferred her 20 percent interest to Jean Company as part of a complete liquidation of the company. In the exchange, sh
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Answer:

A) $200,000 loss recognized by Jean and a basis in the land of $200,000 to Billie

Explanation:

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We have the following data for a hypothetical open​ economy: GNP​ = ​$10 comma 00010,000 Consumption​ (C) = ​$8 comma 2008,200 I
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Current account​ balance. = -$600

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