Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 24, 2024

Bonita Industries started the year with total assets of $317000 and total liabilities of $257000. During the year the business recorded $632000 in revenues, $330000

Bonita Industries started the year with total assets of $317000 and total liabilities of $257000. During the year the business recorded $632000 in revenues, $330000 in expenses, and dividends of $62000. Stockholders equity at the end of the year was

A. $300000.

B. $270000.

C. $238000.

D. $362000.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services

Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau

8th International Edition

1260570517, 978-1260570519

More Books

Students also viewed these Accounting questions

Question

★★★★★

Learning World Inc. has two divisions: Test Preparation and Language Arts. Results (in millions) for the past three years are partially displayed here: Required 1. Complete the table by filling in...

Answered: 1 week ago

Question

★★★★★

the functions of the sales department and the responsibilities and attributes of its personnel?

Answered: 1 week ago

Question

★★★★★

Further to question 11, will there be any realized gain or loss recorded on the conversion of ADRs into local shares?

Answered: 1 week ago

Question

★★★★★

Open EndRunGuide. pdf, the EndRun Financial Services Guide to Investing, and read the information about the Guaranteed Investment Package ( GIP). Read the claims and examine the supporting data....

Answered: 1 week ago

Question

★★★★★

PART B The Batiste and Foster Company uses direct labor hours for estimating factory overhead rate. An estimated factory overhead (or Budgeted factory overhead) is S500,000 for the year. An estimated...

Answered: 1 week ago

Question

★★★★★

Democratic Government believe in the following values Single party system Political choice Personal freedom Individual rights

Answered: 1 week ago

Question

★★★★★

A pony, tied to the end of a lead, can walk in a full circle, a distance of 56.55 meters. About how long is its lead? A. 28.3 meters B. 18.0 meters C. 9.0 meters D. 7.5 meters

Answered: 1 week ago

Question

★★★★★

2. For an idealized slipper-pad bearing, the bottom wall moves at a constant velocity U and the upper block is fixed. Both the moving and fixed walls are non- permeable. If the velocity within the...

Answered: 1 week ago

Question

★★★★★

4. The monthly profits of Hi-Mark corporation were organized into a frequency distribution. The mean of monthly profits was computed to be $105 600, the median $104 700, and the mode $104 200. (a)...

Answered: 1 week ago

Question

★★★★★

Ralph Young was a commercial tour boat operator on the northern coast of Kauai, Hawaii. He was licensed by the state of Hawaii to operate his boat in Hanalei Bay. The U . S . Department of...

Answered: 1 week ago

Question

★★★★★

A stainless-steel bar is heat up to 1400K and cooldown to improve the hardness of the metal is removed from an furnace and cool down by immersing it in 15 kg of water at 27C. appropriate constant...

Answered: 1 week ago

Question

★★★★★

plan how to achieve impact in practice from your research;

Answered: 1 week ago

Question

★★★★★

take courage and go public with your work in order to share your learning;

Answered: 1 week ago

Question

★★★★★

communicate your research to non-academic audiences in an impactful and credible way.

Answered: 1 week ago

Previous Question Next Question