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Meade Company went into business on January 1, 2009 when it issued 100 shares of stock for a total of $10,000. Meade reported the following
| Meade Company went into business on January 1, 2009 when it issued 100 shares of stock for a total of | |||||||
| $10,000. Meade reported the following over the next four years: | |||||||
| Net Income | Dividends | ||||||
| 2009 | ($12,000) | $0 | |||||
| 2010 | $8,000 | $0 | |||||
| 2011 | $11,000 | $1,000 | |||||
| 2012 | $18,000 | $4,000 | |||||
| What was Meade's balance in stockholders' equity at December 31, 2012? (Answer: 30,000 please show how) | |||||||
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Philosophy Of Auditing
Authors: Robert K. Mautz
19th Edition
0865390029, 978-0865390027
