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6) The stockholders' equity sections of a firm's balance sheet at the beginning and end of the year 2022 are given below: Common stock, $5
6) The stockholders' equity sections of a firm's balance sheet at the beginning and end of the year 2022 are given below: Common stock, $5 par value Additional paid-in-capital.. Retained earniligs.. Total stockholders' equity... 1/1/22 $400,000 160,000 240,000 $800,000 12/31/22 ? ? ? $989,000 The following events affected the stockholders' equity accounts during the year 2022: A) $ 30,000 B) $ 94,000 C) $135,000 D) $189,000 E) $264,000 1. Cash dividends amounting to $75,000 were declared and paid in July. 2. An additional 6,000 shares of common stock were issued in October. 3. Net income reported for the year 2022 was $170,000. No other events affected stockholders' equity accounts during the year 2022. The source of cash from the issue of the 6,000 shares of common stock during the year 2022 was: 6) The stockholders' equity sections of a firm's balance sheet at the beginning and end of the year 2022 are given below: The following events affected the stockholders' equity accounts during the year 2022: 1. Cash dividends amounting to $75,000 were declared and paid in July. 2. An additional 6,000 shares of common stock were issued in October. 3. Net income reported for the year 2022 was $170,000. No other events affected stockholders' equity accounts during the year 2022. The source of cash from the issue of the 6,000 shares of common stock during the year 2022 was: A) $30,000 B) $94,000 C) $135,000 D) $189,000 E) $264,000
6) The stockholders' equity sections of a firm's balance sheet at the beginning and end of the year 2022 are given below: Common stock, $5 par value Additional paid-in-capital.. Retained earniligs.. Total stockholders' equity... 1/1/22 $400,000 160,000 240,000 $800,000 12/31/22 ? ? ? $989,000 The following events affected the stockholders' equity accounts during the year 2022: A) $ 30,000 B) $ 94,000 C) $135,000 D) $189,000 E) $264,000 1. Cash dividends amounting to $75,000 were declared and paid in July. 2. An additional 6,000 shares of common stock were issued in October. 3. Net income reported for the year 2022 was $170,000. No other events affected stockholders' equity accounts during the year 2022. The source of cash from the issue of the 6,000 shares of common stock during the year 2022 was:
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