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How much is total stockholders' equity at the end of the current year? Beginning balance in retained earnings: $11,789 Net income during the year of
How much is total stockholders' equity at the end of the current year?
- Beginning balance in retained earnings: $11,789
- Net income during the year of $41,448
- Dividends paid that were declared the prior year of $2,000
- Dividends declared this year of $5,000
- Note payable of $400,000
- Treasury stock of $20,000
- Additional paid in capital of $60,000
- Common stock of $1,000
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