The Wagner Corporation currently has the following balances on its balance sheet: Total assets: $230,000 Total liabilities: $85,000 Retained earnings: $95,000 Suppose next year Wagner Corporation generates $52,500 in net profit, pays $18,000 in dividends, total assets increase by $70,000, and total liabilities increase by $15,000. What will Wagner's ending balance in common stock be next year? a. $70,500 b. $50,000 c. $107,500 d. $145,000

The Wagner Corporation currently has the following balances on its balance sheet: Total assets: $230,000 Total liabilities: $85,000 Retained earnings: $95,000 Suppose next year Wagner Corporation generates $52,500 in net profit, pays $18,000 in dividends, total assets increase by $70,000, and total liabilities increase by $15,000. What will Wagner's ending balance in common stock be next year? a. $70,500 b. $50,000 c. $107,500 d. $145,000

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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What are the earings per share on these financial accounting question?