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Tiger Company's total stockholders' equity at the beginning of the year was $175,000. During the year Tiger reported the following: Net income of $79,000. Dividend
Tiger Company's total stockholders' equity at the beginning of the year was $175,000. During the year Tiger reported the following: Net income of $79,000. Dividend declarations totaling $17,000. Issued stock to stockholders in exchange for $42,000 cash. Borrowed $20,000 from a stockholder. What is Tiger's total stockholders' equity at the end of the year?
$296,000. | ||
$279,000. | ||
$290,000. | ||
$273,000. |
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