At September 1, 2015, Promise Ring Co. reported stockholders' equity of $164,000. During the month, Promise Ring generated revenues of $52,000, incurred expenses of $34,000, purchased equipment for $5,000, and paid dividends of $4,000. What is the amount of stockholders' equity at September 30, 2015?
At September 1, 2015, Promise Ring Co. reported stockholders' equity of $164,000. During the month, Promise Ring generated revenues of $52,000, incurred expenses of $34,000, purchased equipment for $5,000, and paid dividends of $4,000. What is the amount of stockholders' equity at September 30, 2015?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 23MCQ
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Hi expert please give me answer general accounting
![At September 1, 2015, Promise Ring Co. reported
stockholders' equity of $164,000. During the month,
Promise Ring generated revenues of $52,000, incurred
expenses of $34,000, purchased equipment for $5,000, and
paid dividends of $4,000. What is the amount of
stockholders' equity at September 30, 2015?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1fe23098-3b1b-4a28-a349-8bca89433215%2F93d34769-01ef-4975-b70b-5e4dedf7e04d%2Fdh3tznb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:At September 1, 2015, Promise Ring Co. reported
stockholders' equity of $164,000. During the month,
Promise Ring generated revenues of $52,000, incurred
expenses of $34,000, purchased equipment for $5,000, and
paid dividends of $4,000. What is the amount of
stockholders' equity at September 30, 2015?
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