Horizon Corporation's stockholders' equity at the beginning of October 2023 was $1,250,000. During the month, the company earned a net income of $320,000 and paid dividends of $175,000. At the end of October 2023, what is the amount of stockholders' equity?

Horizon Corporation's stockholders' equity at the beginning of October 2023 was $1,250,000. During the month, the company earned a net income of $320,000 and paid dividends of $175,000. At the end of October 2023, what is the amount of stockholders' equity?

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 18E: Monona Company reported net income of 29,975 for 2019. During all of 2019, Monona had 1,000 shares...

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i need this question answer General accounting

Horizon Corporation's stockholders' equity at the
beginning of October 2023 was $1,250,000. During the
month, the company earned a net income of $320,000
and paid dividends of $175,000. At the end of October
2023, what is the amount of stockholders' equity?

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