Black Keys Company began the year with stockholders' equity of $245,000. During the year, the company recorded revenues of $360,000 and expenses of $270,000, and the company paid dividends of $34,000. What was Black Keys' stockholders' equity at the end of the year?

Black Keys Company began the year with stockholders' equity of $245,000. During the year, the company recorded revenues of $360,000 and expenses of $270,000, and the company paid dividends of $34,000. What was Black Keys' stockholders' equity at the end of the year?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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What was Black Keys' stockholders' equity at the end of the year on these general accounting question?

Black Keys Company began the year with stockholders'
equity of $245,000. During the year, the company recorded
revenues of $360,000 and expenses of $270,000, and the
company paid dividends of $34,000. What was Black Keys'
stockholders' equity at the end of the year?

Definition Definition Assets available to stockholders after a company's liabilities are paid off. Stockholders’ equity is also sometimes referred to as owner's equity. A stockholders’ equity or book value generally includes common stock, preferred stock, and retained earnings and is an indicator of a company's financial strength.

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