Answered: During the last year, Sigma Co had Net…

During the last year, Sigma Co had Net Income of $153, paid $17 in dividends, and sold new stock for $38. Beginning equity for the year was $630. What is the ending equity?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 22EB: Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000...

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Concept explainers

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.

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During the last year, Sigma Co had Net Income of $153, paid $17 in dividends, and sold new stock for $38. Beginning equity for the year was $630. What is the ending equity?

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