taxes): 2014 revenues were $80,500. 2014 net income was $34,500. Dividends declared and paid during 2014 totaled $6,300. Total assets at December 31, 2014 were $223,000. Total stockholders' equity at December 31, 2014 was $130,000. Retained earnings at December 31, 2014 were $85,000. Which of the following is not correct?
taxes): 2014 revenues were $80,500. 2014 net income was $34,500. Dividends declared and paid during 2014 totaled $6,300. Total assets at December 31, 2014 were $223,000. Total stockholders' equity at December 31, 2014 was $130,000. Retained earnings at December 31, 2014 were $85,000. Which of the following is not correct?
taxes): 2014 revenues were $80,500. 2014 net income was $34,500. Dividends declared and paid during 2014 totaled $6,300. Total assets at December 31, 2014 were $223,000. Total stockholders' equity at December 31, 2014 was $130,000. Retained earnings at December 31, 2014 were $85,000. Which of the following is not correct?
Madrid Company has provided the following data (ignore income taxes):
2014 revenues were $80,500.
2014 net income was $34,500.
Dividends declared and paid during 2014 totaled $6,300.
Total assets at December 31, 2014 were $223,000.
Total stockholders' equity at December 31, 2014 was $130,000.
Retained earnings at December 31, 2014 were $85,000.
Which of the following is not correct?
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O
O
Common stock at December 31, 2014 was $45,000.
2014 expenses were $46,000.
Retained earnings increased $34,500 during 2014.
Total liabilities at December 31, 2014 were $93,000.
Definition Definition Assets available to stockholders after a company's liabilities are paid off. Stockholders’ equity is also sometimes referred to as owner's equity. A stockholders’ equity or book value generally includes common stock, preferred stock, and retained earnings and is an indicator of a company's financial strength.
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