Question: Crane Consulting started the year with total assets of $58000 and total liabilities of $14000. During the year, the business recorded $47000 in catering

Crane Consulting started the year with total assets of $58000 and total liabilities of $14000. During the year, the business recorded $47000 in catering revenues and $29000 in expenses. Crane issued stock of $8000 and paid dividends of $14000 during the year. Stockholders' equity changed by what amount from the beginning of the year to the end of the year? $4000. $44000. $8000. $12000.

Step by Step Solution

★★★★★

3.22 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The detailed answer for the above question is provide... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

The is the best part of your job with John Deere & Co. in Moline, Illinois: saying yes to a farmer. In this case, it's Arlen Ruestman in Toluca, Illinois. Ruestman wants to take advantage of new...

Decision analysis can be used on itself! What do you want to accomplish in studying decision analysis? Why is decision analysis important to you? In short, what are your fundamental objectives in...

Finance for Life: Do You Need Life Insurance? on page 638 discussed factors involved in the decision to purchase life insurance. What are some commonsense guidelines that can be used to answer the...

Crane Consulting started the year with total assets of $58,000 and total liabilities of $14,000. During the year, the business recorded $47,000 in consulting revenues and $29,000 in expenses. Crane...

please help will like thank you 3) Coronado Consulting started the year with total assets of $59500 and total liabilities of $14300. During the year, the business recorded $47000 in catering revenues...

Oriole Consulting started the year with total assets of $59700 and total liabilities of $14700. During the year, the business recorded $48900 in catering revenues and $30900 in expenses. Oriole...

4 7 . On July 4 , 2 0 2 1 , Bonita Mining Company purchased the mineral rights to a granite deposit for $ 1 5 5 0 0 0 0 . It is estimated that the recoverable granite will be 4 0 0 0 0 0 tons. During...

Mock Test 2 1 . Walker Clothing Store had a balance in the Accounts Receivable account of $ 4 3 7 , 5 0 0 at the beginning of the year and a balance of $ 5 0 0 , 0 0 0 at the end of the year. Net...

Q.67 Shefheld Consulting started the year with total assets of $59800 and total liabilities of $15100. During the year, the business recorded $47400 in catering revenues and $29900 in expenses....

During the 2020 tax year, Sally Jones earns a salary of $600,000 and Bill Smith earns a salary of $600,000. Neither individual had any other income during the year, and neither can itemize...

5. SHOW your solution to the 2nd-order linear differential equation of the equation of motion of an OVERDAMPED free vibration system. Compute C and C2 u(t) = C(-+-1) + Ce(-5--1)

An effective training plan should do which of the following? Question 1 options: a. Connect the needs assessment with the training objectives. b. Connect the training objectives with the training...

2. The switch in the circuit given below has been open for a long time before closing at t=0, Find v(1) for t20 (40) 25 KQ 50 V 2 F 100 K2 8 F Yo

Mwinlanaa company currently has 3 million in debt outstanding, bearing an interest rate of 12 percent. it wishes to finance a 4 million expansion program and is considering three alternatives:...

Vun owes Moh RM5,000.00. Later on Moh told Vun that he could pay him a lesser sum of RM2,000.00. Upon hearing that , Vuns father paid Moh the said sum. Is the whole debt discharged?

Question: Infinity Designs, an interior design company, has experienced a drop in business due to an increase in interest rates and a corresponding slowdown in remodeling projects. To stimulate...

How does a companys philosophy impact the benefits they offer?

. Assuming we know that the population standard deviation ( ) on a given measure of psychotic behavior is 14, and we have 50 cases available for our assessment, calculate the standard error.

You may want to start by listing the jobs main duties and by reviewing any work you may have done for the exercise.

1. Based on what you read in this chapter, whats the first step you would have advised the Hotel Paris to take as part of its new safety and health program, and why? 2. List 10 specific high-risk...

Compare and contrast performance management and performance appraisal.

3. Describe different categories of emotions, including basic and self-conscious emotions in relation to the role of culture.

2. Explain the breadth of research evidence for the universality of basic emotions.

In the first, photographs of facial expressions of emotion thought to portray universally recognizable emotions were shown to observers in different countries who had to label each expression. If the...