Answered

Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Get detailed answers to your questions from a community of experts dedicated to providing accurate information. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

ay co. reported the following financial data for its most current year: beginning-of-year common stock $105,000 beginning-of-year retained earning 175,400 net income 33,400 dividends paid 10,500 issuance of common stock 24,000

Sagot :

The correct answer would be $327,300.In order to calculate end-of-year stockholders equity following equation is used.

Stockholders equity = Year-end common shares + year-end retained earnings - treasury stocks.

Since there are not any treasury stocks in this case, we just have to get year-end common stock value and retained earnings. To calculate year-end stock value we just add the beginning balance of stock to the other stock issuance value during the year which in this case would be:105,000 + 24,000 = 129,000 .

Whereas, to calculate year-end retained earnings, we take the beginning balance add the net and subtract any dividend paid.

Calculation during this case would be:

175,400 + 33,400 - 10,500 = 198,300

So, stockholder equity = 129,000 + 198,300 = 327,300.

Learn  more about stockholder equity :

brainly.com/question/17403665

#SPJ4

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.