Issued more common stock for 29500 what is total


On January 1, Gucci Brothers Inc. started the year with a $703,000 balance in retained earnings and a $594,000 balance in common stock. During the year, the company reported net income of $95,000, paid a dividend of $15,000, and issued more common stock for $29,500. What is total stockholders' equity at the end of the year?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Issued more common stock for 29500 what is total
Reference No:- TGS02611208

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)