Question
Nikron Corporation issued 20,000 shares of $0.50 par value common stock during the year for $20 each. Nikron also repurchased treasury stock for $15,000. Net
Nikron Corporation issued 20,000 shares of $0.50 par value common stock during the year for $20 each. Nikron also repurchased treasury stock for $15,000. Net income for the year was $140,000. The company also paid cash dividends of $25,000.
What was the total change in Nikrons stockholders equity for the year?
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel
3rd Canadian Edition
0470836792, 978-0470836798
