Question
As of the beginning of 2013 a company had total contributed capital of $390,000 and total retained earnings of $44,000. Total liabilities were $190,000. During
As of the beginning of 2013 a company had total contributed capital of $390,000 and total retained earnings of $44,000. Total liabilities were $190,000. During the year 2013, the company had the following transactions: |
- | Issued stock for cash of $69,000. |
- | Declared and paid a cash dividend of $24,000. |
- | Reported total revenue of $169,000 and total expenses of $94,500. |
What is the amount of contributed capital that will be reported on the Statement of stockholders' equity at the end of 2013? |
$459,000
$536,000
$390,000
$451,000
Which is the amount of retained earnings that will be reported on the Statement of stockholders' equity at the end of 2013? |
$94,500
$74,500
$93,000
$44,000
The debt-to-assets ratio at the beginning of 2013 was closest to:
0.30
0.35
0.49
0.24
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