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    Tammijones's Avatar
    Tammijones Posts: 12, Reputation: 1
    New Member
    		  
    #1

    Sep 24, 2008, 10:49 AM
    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
    AdamUTsel's Avatar
    AdamUTsel Posts: 100, Reputation: 2
    Junior Member
    		  
    #2

    Sep 24, 2008, 11:20 AM

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