Business

Brian

30 May, 12:32

During the current year, the total assets of mifflinburg corporation decreased by $60,000 and total liabilities decreased by $300,000. the company issued $100,000 of new stock, and its net income for the year was $250,000. no other changes to stockholders' equity occurred during the year. determine the dollar amount of dividends declared by the company during the year.

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “During the current year, the total assets of mifflinburg corporation decreased by $60,000 and total liabilities decreased by $300,000. the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

Firewood, inc. signed a? three-year note payable for? $59,000 at? 7% annual interest. what is the interest expense for 2017 if the note was signed on august? 1, 2017? a.?$12,390 b.?$1,721 c.?$4,130 d.?$2,065

Kluber, Inc. had net income of $908,000 based on variable costing. Beginning and ending inventories were 55,800 units and 53,600 units, respectively. Assume the fixed overhead per unit was $1.65 for both the beginning and ending inventory.

Metals are good conductors of electric current for what reasons?

Phillippe invested $1,000 10 years ago and expected to have $1,800 today. He has not added or withdrawn any money from this account since his initial investment. All interest was reinvested in the account.

A business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a:

New Questions in Business

The spotlight on small business box showed us that as time passes, marketing plans should be reevaluated and:

Anderson Co. issued a $43,258, 60-day, discounted note to National Bank. The discount rate is 6%. At maturity, assuming a 360-day year, the borrower will pay:

Questions like "Who is responsible for the reliability of information?" and "Who will be accountable for errors in the information?" are part of this ethical issue. a) Privacyb) Accuracyc) Authenticityd) Perfectione) Purpose

Tertiary consumers depend on the sun for food. true or false

Why does the mailman deliver his own mail?