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joja [24]
2 years ago
15

A company reported total stockholders' equity of $540,000 on its balance sheet dated December 31, 2016. During the year ended De

cember 31, 2017, the company reported net income of $60,000, declared and paid a cash dividend of $18,000, declared and distributed a 10% stock dividend with a $15,000 total market value, issued additional common stock for $70,000, and resold treasury stock for $15,000 that it had purchased in 2016 for $12,000. What is total stockholders' equity as of December 31, 2017
Business
1 answer:
solniwko [45]2 years ago
7 0

Answer:

$667,000

Explanation:

stockholders' equity December 31, 2016 = $540,000

plus net income = $60,000

minus cash dividends = ($18,000)

plus issuance of common stock = $70,000

plus sale of treasury stock = $15,000

stockholders' equity = $667,000

Stock dividends do not affect the value of stockholders' equity, that is why they are not included in this calculation.

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3 years ago
Suppose the Federal Reserve wants to increase the money supply by $200. Again, you can assume that banks do not hold excess rese
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The fed needs to purchase bonds worth $20 from the banks to increase money supply by $200.

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The Federal Reserve wants to increase the money supply by $200.

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