RT Inc. has 500,000 common shares outstanding, and common stock amount is $5 million. The company hasn’t issued or repurchased common stock during the year. Last year’s retained earnings was $11.2 million. RT Inc. paid out dividends of $1.2 million this year. 

What is RT Inc.’s beginning and ending balances of Total Shareholders’ Equity?

Answer rating: 100% (QA)

The beginning balance of Total Shareholders Equity for RT Inc would be the sum of l... View the full answer