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    gwood2's Avatar
    gwood2 Posts: 6, Reputation: 1
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    #1

    Sep 23, 2009, 11:46 PM
    Stockholders Equity
    Saathoff Inc started the year with total assets of $200,000 and total liabilities of $160,000. During the year the business recorded $420,000 in revenues, $320,000 in expenses, and dividends of $30,000. Stockholders' equity at the end of the year was ________________?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Sep 24, 2009, 03:53 AM

    Start of the Year.
    Equity = 200,000 - 160,000 = 40,000.

    For the Year:-
    Equity = 420,000 - 320,000 = 100,000 - 30,000 = 70,000.

    AT END OF YEAR .
    Equity = Beginning 40,000 + Year 70,000
    equals a total of 110,000.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    Sep 24, 2009, 03:56 PM

    You have already posted this once and already gotten answers on it. Can you please not double-post the same problem. It just causes confusion. You already had the correct answer so I don't even see the point.
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