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?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 8RE: Given the following year-end information for Somerset Corporation, compute its basic earnings per...

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Question

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?

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