Most Visited Getting Started D My USC Aiken - Black The True Story of Poca. E co

Question

Most Visited Getting Started D My USC Aiken - Black The True Story of Poca. E connect FINANCE Exam (Comprehensive) nstructions I help save & Ext 1, Suttit QUestion 42 (of 80) 42. ock or s55 00 p dan sur us of S ft 200 and o ano he enc of t e y at the t had ic tal give a no -tmos eared con Leslie Printing has et income of $26.310 for the year. At the beginning of the year, the firm had common s dividends of $32,500 What is the amount of the net new equity raised during the year $34,000 O $42.50o O $25,000 O $21500 O so 12/16/2017

Explanation / Answer

Issue of shares during the year =$34,000 Net Income For the year        26,310 Less: Dividend Paid       -32,500 Net Deduction from retained earning         -6,190 Add: Begnning Balance Common Stock        55,000 Paid in surplus        11,200 Retained earning        48,420     1,14,620 Less: Closing Balance Equity -1,42,430 Issue of shares       -34,000

Related Questions

Navigate

• Browse (All)
• Browse M
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.