This a homework question and I did not learn about this in class. We are still figuring out dividends and treasury stock. If someone could help that would be great! Here is the problem:
Stockholders' Equity (December 31, 2012)
Common stock--$5 par value, 50,000 shares
authorized...
Hi, this is my first time posting a question on here. This is a homework problem that has a lot of my classmates stomped.
The question is to find the amount of equity.
Assets:48,000
Owner Investments: 5,000
Net Income:7,500
Owner Cash Withdrawal:2,500
Thanks for the help. However, when I...