A company's January 1, 2014 balance sheet reported total assets of $119,000 and total liabilities of $40,000. During January 2014, the following transactions occurred: (A) the company issued stock and collected cash totaling $29,000; (B) the company paid an account payable of $5,900; (C) the company purchased supplies for $2,100 with cash; (D) the company purchased land for $49,000 paying $10,000 with cash and signing a note payable for the balance. What is total stockholders' equity after the transactions above?
A. $192,100
B. $79,000
C. $29,000
D. $108,000.
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 17:00, martinez6221
Vincent is interested in increasing his earning potential upon completing his internship at a major accounting firm. which option can immediately boost his career in the intended direction? b. complete a certification from a professional organization c. complete a new four-year undergraduate program in a related field d. complete a two-year associate degree in a related field e. complete an online course in accounting
Answers: 3
Business, 22.06.2019 20:00, enriqueliz1680
Beranek corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. the new cfo wants to employ enough debt to raise the debt/assets ratio to 40%, using the proceeds from borrowing to buy back common stock at its book value. how much must the firm borrow to achieve the target debt ratio? a. $273,600b. $288,000c. $302,400d. $317,520e. $333,396
Answers: 3
Do you know the correct answer?
A company's January 1, 2014 balance sheet reported total assets of $119,000 and total liabilities of...
Questions in other subjects:
Mathematics, 26.07.2019 13:00
History, 26.07.2019 13:00
