Question
The following information is from Avalanche Corp.: At the end of 2016, Avalanche Corp. has the following Stockholders Equity balances: Retained Earnings = $18,055 Common
The following information is from Avalanche Corp.: At the end of 2016, Avalanche Corp. has the following Stockholders’ Equity balances:
•Retained Earnings = $18,055
•Common Stock = $12,00
During 2017, Avalanche Corp. earned total revenues of $25,620 and incurred total expenses of $23,805. Also during 2017, Avalanche Corp. issued an additional $3,500 worth of common stock and paid cash dividends of $730. Assuming there were no other transactions, what will be the balance of total Stockholders’ Equity at the end of 2017?
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
11th Canadian edition Volume 2
1119048540, 978-1119048541
