contestada

Torres travel's stockholders' equity at the beginning of march 2014 was $200,000. during the month, the company earned net income of $50,000 and paid dividends of $10,000. at the end of march 2014, what is the amount of stockholders' equity?

Respuesta :

Calculation of the amount of stockholders' equity at the end of March 2014:


The amount of stockholders' equity at the end of the period can be calculated using the following formula:

Stockholders' equity at the end of the period = Stockholders’ equity at the beginning of the period + Net Income earned during the period –Dividend declared and paid during the period

= 200,000+50,000-10,000

= 240,000


Hence, the amount of stockholders' equity at the end of March 2014 is $240,000.




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