the start of the year, Gershon, Inc. had total shareholders equity 00 was raised from the sale of new stock, what is the end of ye Multiple Choice O$10.000 O $11800 O$12,400 $12.800 O $13.200
the start of the year, Gershon, Inc. had total shareholders equity 00 was raised from the sale of new stock, what is the end of ye Multiple Choice O$10.000 O $11800 O$12,400 $12.800 O $13.200
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Multiple Choice
At the start of the year, Gershon, Inc. had total shareholders' equity-$12,000 If net income during the year was a $200 loss, dividends paid $400, and
$1,000 was raised from the sale of new stock, what is the end of year value for total shareholders' equity?
$10,000
$11,800
$12,400
$12,800
nep
$13,200
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