Alpha began the year with a credit balance in Retained Earnings of $40,000 and a beginning balance of $30,000 in its Common Stock account.  During the year, Alpha sold (issued) additional common stock for $10,000, declared dividends of $2,000 and had net income of $14,000.  

Based on this information, what should the ending balance be for Stockholders' Equity?

Answer rating: 100% (QA)

The ending balance for Stockholders Equity is calculated by adding the changes in Retained Ea... View the full answer