Question
On December 31, 2016, the accounts of Leuz Architect Services showed credit balances in its Common Stock and Retained Earnings accounts of $60,000 and $30,000,
On December 31, 2016, the accounts of Leuz Architect Services showed credit balances in its Common Stock and Retained Earnings accounts of $60,000 and $30,000, respectively. The companys stock issuances for 2017 totaled $12,000, and it paid $10,000 cash dividends in 2017. During 2017, the company had net income of $33,000. What is the total stockholders equity for Leuz Architect Services at December 31, 2017?
Question 9 options:
|
| $72,000 |
|
| $53,000 |
|
| $125,000 |
|
| $135,000 |
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The TL 9000 Guide For Auditors
Authors: Mark Kempf
1st Edition
087389510X, 978-0873895101
