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  • Sep 24, 2008, 10:49 AM
    Tammijones
    Total Equity calculation
    The total equity of Pogo Company at the beginning of the 2006 period amounted to $2,500. During 2006 the company reported net income of $1,200 and paid a $500 dividend. If retained earnings at the end of 2006 is $1,100, what was the beginning contributed capital?
    A. Cannot be determined
    B. $400
    C. $2,100
    D. $1,200
  • Sep 24, 2008, 11:20 AM
    AdamUTsel

    Beginning OE
    +Net Income
    -Dividends paid
    -Ending retained earnings
    =Contributed Capital during the period

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