What do I do w/ the stock issuances, net income, cash dividends to find the equity?
2007-09-03 14:56:11 · 2 answers · asked by Paperdoll 1 in Education & Reference ➔ Homework Help
That's what I did but I still got it wrong. It's online homework.
2007-09-03 15:05:46 · update #1
how do you find retained earnings? minus the old assets from the new?
2007-09-03 15:16:16 · update #2
can you take a look? http://i182.photobucket.com/albums/x181/without_feathers/accounting.jpg
a is the 1st column
2007-09-03 15:35:32 · update #3
nrmind i figured it out, thx
2007-09-03 15:45:11 · update #4
Please be more specific. Just based on your question I would say that you should subtract cash dividends from the stock issuance and net income. However, there is probably other equity on your balance sheet too (such as retained earnings).
They don't give you a balance sheet? Retained earnings is previous years' net income. If it is a new corporation, that is the only time there wouldn't be retained earnings.
I just saw the link. I'm glad you figured it out. Great!
2007-09-03 15:03:52 · answer #1 · answered by the Boss 7 · 0⤊ 0⤋
who knows.....
2007-09-03 15:03:14 · answer #2 · answered by Trentino S 2 · 0⤊ 0⤋