Catalina Corporation begins the year with a $195 balance in Retained Earnings and a $320 balance in Common Stock. During the year, the company generated net income of $46 issued additional common stock for $28 and paid a dividend of $5. What is total stockholders' equity at the end of the year?

Catalina Corporation begins the year with a $195 balance in Retained Earnings and a $320 balance in Common Stock. During the year, the company generated net income of $46 issued additional common stock for $28 and paid a dividend of $5. What is total stockholders' equity at the end of the year?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 22EB: Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000...

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Question

Catalina Corporation begins the year with a $195 balance in Retained Earnings and a $320
balance in Common Stock. During the year, the company generated net income of $46 issued
additional common stock for $28 and paid a dividend of $5. What is total stockholders' equity at
the end of the year?

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