Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. net income for the period was $245,000. the common

Net income for the period was $245,000. The common shares account had a beginning balance...

60.1K

Verified Solution

Question

Accounting

Net income for the period was $245,000. The common shares account had a beginning balance of $25,000. If the shareholders received dividends of $15,000 during the year, what is the ending balance in the common shares account?

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Murphy Smith has the following stock transactions for 2017. Name Date Purchased Basis Date Sold Sales Proceeds Apex Corp. 1/23/1986 7,250 7/22/2017 4,500 Blue Corp. 4/20/2017 14,000 9/13/2017 17,500 Coral Corp. 8/23/2010 10,750 10/12/2017 15,300 Diamond...

Accounting
Q

1. A class has 15 girls and 10 boys. The teacher wants to form an unordered...

Basic Math
Q

How might you apply symbolic interaction approach to social patterns in college?

Psychology
Q

5 points Marcus is an orthopedic surgeon who performs knee replacement surgeries He would like...

Biology
Q

c 10 A d 10 A 79 A npn transistor is connected in common emitter...

Physics
Q

000 8 6 4 2 A A 6 B IMAGE 2 4 61 x 0...

Geometry
Q

Determine which symbol belongs in the blank to make the statement true.{-1,0,7} _{0,8,- 1,6,7}

Basic Math
Q

Out of 75 students, 45 are taking Algebra 2 and 32 are taking Chemistry. Sixteen...

Basic Math
Q

A person with high emotional intelligence has The ability to be aware of and manage...

Statistics
Q

Granfield Company has a piece of manufacturing equipment with a book value of $38,000 and...

Accounting
Q

Salma Ali opened Fresh Step Carpet Cleaners on March 1. During March, the following transactions...

Accounting
Q

1 pts Question 9 Victor Victim hired the law firm, Dewey, Cheatem, & Howe, LLC,...

Finance