Question
At Hofstadter Inc., total assets increased by $44,000 during the year and total liabilities increased by $12,000 during the same time. Net income during the
At Hofstadter Inc., total assets increased by $44,000 during the year and total liabilities increased by $12,000 during the same time. Net income during the year was $35,000 and dividends paid were $10,000. How much capital stock was issued?
i know the answer is $7,000, can you show me the step?
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Core Concepts Of Accounting Information Systems
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
11th Edition
9780470507025, 0470507020
