Question
Elston Company compiled the following financial information as of December 31, 2012: Revenues $420,000 Common stock 90,000 Equipment 120,000 Expenses 375,000 Cash 105,000 Dividends 30,000
Elston Company compiled the following financial information as of December 31, 2012:
Revenues $420,000
Common stock 90,000
Equipment 120,000
Expenses 375,000
Cash 105,000
Dividends 30,000
Supplies 15,000
Accounts payable 60,000
Accounts receivable 45,000
Retained earnings, 1/1/12 225,000
What is Elston's stockholders' equity on December 31, 2012
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Marketing Research
Authors: David A. Aaker, V. Kumar , George S. Day
8th Edition
047123057X, 9780471230571
