Suppose that you are analyzing Martin Company. You know that at the beginning of

Question

Suppose that you are analyzing Martin Company. You know that at the beginning of the year, the assets equaled $390,000 and the liabilities equaled $214,500. During the year, assets increased by $58,500 and stockholders' equity increased by $90,675. Further analysis reveals revenues of $210,600 were earned and expenses of $136,890 were incurred during the year, and additional investments of $61,425 occurred in the first half of the year. Because of your understanding of the accounting equation, you realize that distributions (dividends) to the stockholders must have also occurred during the year. However, you must determine the amount for those distributions.

What is the amount of dividends paid during the year?

Comeplete the equation below with amounts for the end of the year.

Explanation / Answer

Suppose that you are analyzing Martin Company. You know that at the beginning of

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