Blue Ridge Technologies started the year with $1,250,000 in total assets and $680,000 in total liabilities. During the year, the company generated $210,000 in net income, paid $60,000 in dividends, and issued common stock worth $90,000. What is the company's total equity at the end of the year?

Blue Ridge Technologies started the year with $1,250,000 in total assets and $680,000 in total liabilities. During the year, the company generated $210,000 in net income, paid $60,000 in dividends, and issued common stock worth $90,000. What is the company's total equity at the end of the year?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 12P: The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of...

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Don't use ai given answer accounting questions

Blue Ridge Technologies started the year with $1,250,000 in total
assets and $680,000 in total liabilities. During the year, the company
generated $210,000 in net income, paid $60,000 in dividends, and
issued common stock worth $90,000. What is the company's total
equity at the end of the year?

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