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mckinzirauch9
12.09.2019 •
Business
Torres travel’s stockholders' equity at the beginning of march 2022 was $200,000. during the month, the company earned net income of $50,000 and paid dividends of $10,000. at the end of march 2022, what is the amount of stockholders' equity?
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Ответ:
At the end of March 2022, the amount of stockholders' equity is $240,000
Explanation:
The net income of $50,000 increases the amount of stockholders' equity:
stockholders' equity + net income = $250,000
And the paid dividends of $10,000 decreases the amount of stockholders' equity:
stockholders' equity - paid dividends = $240,000
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