Simran Monga Company's total stockholders' equity at the beginning of the year was $200,000. During the year the company reported the following:Net loss of $30,000.Common Stock issued in exchange for land totaling $80,000.Collections of accounts receivable $40,000.Borrowed $20,000 from a stockholder.Dividends declared and paid totaling $2,000.What is the total stockholders' equity at the end of the year? A. $348,000. B. $288,000.C. $248,000. D. $168,000 Answer is C , explain how you get to 248000

Q: Bastion Corporation earned net income of $200,000 this year. The company began the year with 10,000…

A: Formula: EPS = ( Net income - Preferred dividends ) / Total weighted average outstanding shares

Q: At the end of accounting period, Callaway had $12,000 of common stock, paid in capital in excess par…

A: >Total Stockholder's equity is a section of Balance Sheet, and a part of accounting equation.…

Q: Millers company had retained earnings of $85,000 and stockholders' equity of $105,000 at the…

A: Equity statement: It refers to a financial statement that shows the total equity of the business…

Q: What is Jupiter Corporation’s weighted average number of shares for the year?

A: Answer:   975

Q: Required information Markus Company's common stock sold for $4.50 per share at the end of this year.…

A: Earnings per share is one of useful calculation done in business. This is used to calculate how much…

Q: A company had 125,000 shares of common stock outstanding on January 1 and then sold 35.000…

A: Earnings per share is an financial ratio which was used to find the company's profitability. = Net…

Q: Prag Co. reported the following financial data for its most current year: Beginning-of-year common…

A: Formula: Ending of the year total stockholders equity = Beginning of the year common stock +…

Q: Starling Corporation started the year on January 1 with the following balances in​ stockholders'…

A: A statement of changes in stockholders' equity is a financial statement that shows the changes in a…

Q: Jupiter Corporation earned net income of $90,000 this year. The company began the year with 600…

A: The weighted average number of shares is based on the number of shares issued and the duration of…

Q: None

A: Equity Multiplier = Total Assets / Total Shareholders' EquityFrom the image, we can find that total…

Q: Basic Solutions Company reported net earnings of $60,000, declared and paid cash dividends on its…

A: Retained earning balance can be calculated by adding up net income and deducting cash dividends from…

Q: If retained earnings at the beginning of the period was $42 million and net income during the year…

A: The dividend is declared to the shareholders from the retained earnings of the business. The…

Q: The following data were taken from the financial statements of Gates Inc. for the current fiscal…

A: Prepare comparitive balance sheet for Gates Incorporation:

Q: Markus Company’s common stock sold for $1.75 per share at the end of this year. The company paid a…

A: Return on equity is computed as = Net income / Average stockholder's equityAverage stockholder's…

Q: Given the information below for ATH Corp., what was the amount of Dividends declared during the…

A: Ending Retained Earnings = Beginning Retained Earnings + Net Income - Dividend Declared

Q: Swifty Corporation reports net income of $240,250 and a weighted-average of 155,000 shares of common…

A: Earnings per share is calculated by dividing net income available to common stockholders' by…

Q: Selected financial data from the June 30 year-end statements of Safford Company are given below:…

A: The question is related to Ratio Analysis. The Return on Total Assets is calculated with the help of…

Q: Prag Co. reported the following financial data for its most current year: Beginning-of-year common…

A: Shareholders' equity depicts the amount of capital invested by the owner in the business. It…

Q: James Corporation earned net income of $85,000 this year. The company began the year with 800 shares…

A: Given:  Net income = $85000 Beginning shares = 800 Issued shares = 700 Preference dividend = $4,500

Q: The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following:…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: At the end of the accounting period, Houston Company had $7, 600 of common stock, paid - in capital…

A: Stockholders Equity can be calculated by subtracting the total liabilities of a business from total…

Q: Brandies, Incorporated reported net income of $9.66 million. At the beginning of the year, 4.1…

A: Since the beginning number of the share were 4.1 million and at the end of the year it was 4.3…

Q: Kelley Company reports $1,500,000 of net income and declares $210,000 of cash dividends on its…

A: Earnings per share indicate the profits per share of common stockholders. It can be calculated by…

Q: WD Corporation reports the following year-end balance sheet data. The company's debt-to-equity ratio…

A: The objective of the question is to calculate the debt-to-equity ratio of WD Corporation. The…

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.