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On January 1, 2020, Mega Company started the year with a $250,000 credit balance in Retained Earnings and a $300,000 balance in Contributed Capital. During
On January 1, 2020, Mega Company started the year with a $250,000 credit balance in Retained Earnings and a $300,000 balance in Contributed Capital. During 2020, the company earned net income of $50,000, declared a dividend of $15,000 and issued more stock for $12,500. What is the total stockholders equity at the companys fiscal year end? You must show your work to earn full points
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