Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. mary company began the year with $820,000 in asset

Mary Company began the year with $820,000 in assets and $60,000 in liabilities. During the...

60.1K

Verified Solution

Question

Accounting

Mary Company began the year with $820,000 in assets and $60,000 in liabilities. During the year, Mary recorded $150,000 in sales, $40,000 in expenses, and did not pay any dividends. If the company had a $335,000 increase in total assets and no change in liabilities, what was the amount of common stock that was issued during the year?

Select one:

a. $335,000

b. $225,000

c. None of the answer choices

d. $445,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Calculus
1.2K views

Suppose sin (2x) = 3/5.Then cos(x) = __________ (If there is more than one...

Advance Math
1.2K views

T:R ->R3 T(x, y, z) = (2x + 5y − 3z, 4x + y −...

Psychology
1.2K views

what factors seem to promote the formation of in-group preferences? how might adults influence such attitudes...

Physics
1.2K views

Particle A and particle B are held together with a compressed spring between them. When they...

General Management
1.2K views

Walmart company research project. what is the Walmart financial statement ? research on this topic .

Biology
1.2K views

Points 1 Which leader received the Nobel Peace Prize in 1964 for his efforts Question...

Basic Math
1.2K views

A bank features a savings account that has an annual percentage rate of r quarterly....

Statistics
1.2K views

Use the given data to find the equation of the regression line Round the final...

Accounting
1.2K views

With respect to the Net Present Value (NPV) and the Internal Rate of Return (IRR)...

Accounting
1.2K views

Bank Reconciliation The bank reconciliation made by Winton, Inc., on August 31 showed: ...

Accounting
1.2K views

The following data were taken from the financial statements of Hunter Inc. for December 31...

Accounting
1.2K views

May I ask how this 170050 was calculated Thank you so much. Marisa is...