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Change in Stockholders’ Equity   Previous Year Current Year Net Income $35,000 $48,000 Average stockholders' equity 1,000,000 1,500,000 Dividend per common share 1.90 2.00 Earnings per share 2.85 3.20 Market price per common share, year-end 19.00 21.00   Nikron Corporation issued 20,000 shares of $0.50 par value common stock during the year for $20 each. Nikron also repurchased treasury stock for $15,000. Net income for the year was $140,000. The company also paid cash dividends of $25,000. What was the total change in Nikron’s stockholders’ equity for the year? Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer

Change in Stockholders’ Equity   Previous Year Current Year Net Income $35,000 $48,000 Average stockholders' equity 1,000,000 1,500,000 Dividend per common share 1.90 2.00 Earnings per share 2.85 3.20 Market price per common share, year-end 19.00 21.00   Nikron Corporation issued 20,000 shares of $0.50 par value common stock during the year for $20 each. Nikron also repurchased treasury stock for $15,000. Net income for the year was $140,000. The company also paid cash dividends of $25,000. What was the total change in Nikron’s stockholders’ equity for the year? Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Change in Stockholders’ Equity

  Previous Year Current Year
Net Income $35,000 $48,000
Average stockholders' equity 1,000,000 1,500,000
Dividend per common share 1.90 2.00
Earnings per share 2.85 3.20
Market price per common share, year-end 19.00 21.00

 

Nikron Corporation issued 20,000 shares of $0.50 par value common stock during the year for $20 each. Nikron also repurchased treasury stock for $15,000. Net income for the year was $140,000. The company also paid cash dividends of $25,000. What was the total change in Nikron’s stockholders’ equity for the year?

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