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ay co. reported the following financial data for its most current year: beginning-of-year common stock $105,000 beginning-of-year retained earning 175,400 net income 33,400 dividends paid 10,500 issuance of common stock 24,000

Sagot :

The correct answer would be $327,300.In order to calculate end-of-year stockholders equity following equation is used.

Stockholders equity = Year-end common shares + year-end retained earnings - treasury stocks.

Since there are not any treasury stocks in this case, we just have to get year-end common stock value and retained earnings. To calculate year-end stock value we just add the beginning balance of stock to the other stock issuance value during the year which in this case would be:105,000 + 24,000 = 129,000 .

Whereas, to calculate year-end retained earnings, we take the beginning balance add the net and subtract any dividend paid.

Calculation during this case would be:

175,400 + 33,400 - 10,500 = 198,300

So, stockholder equity = 129,000 + 198,300 = 327,300.

Learn  more about stockholder equity :

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