A. 10,200 B. 14,400 C.? Calculate Total Equity at the end of the year for each of

 

A. 10,200

B. 14,400

C.?

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Calculate Total Equity at the end of the year for each of the following companies. Part A) Red Bird Corporation has total equity at the beginning of the year of $4,000. There are no stock issuances during the year. The company has net income of $7,800 and pays out dividends of $1,600. What is the total equity at the end of the year? $ Part B) Fever Company has total equity at the beginning of the year of $5,900. It issues $2,700 of common stock during the year. The company has net income of $7,400 and pays out dividends of $1,600. What is the total equity at the end of the year? $ Part C) Red Bird Inc. has total assets of $14,400 and total liabilities of $4,000 at the beginning of the year. It issues $2,000 of common stock during the year.. The company has net income of $7,500 and pays out dividends of $1,800. What is the total equity at the end of the year? $ Calculate Total Equity at the end of the year for each of the following companies. Part A) Red Bird Corporation has total equity at the beginning of the year of $4,000. There are no stock issuances during the year. The company has net income of $7,800 and pays out dividends of $1,600. What is the total equity at the end of the year? $ Part B) Fever Company has total equity at the beginning of the year of $5,900. It issues $2,700 of common stock during the year. The company has net income of $7,400 and pays out dividends of $1,600. What is the total equity at the end of the year? $ Part C) Red Bird Inc. has total assets of $14,400 and total liabilities of $4,000 at the beginning of the year. It issues $2,000 of common stock during the year.. The company has net income of $7,500 and pays out dividends of $1,800. What is the total equity at the end of the year? $

Answer rating: 100% (QA)

Solution A Total equity at the end of the year 10200 Working Notes Equity at beginning 4000 Addition ... View the full answer