Blue Fin started the current year with assets of $840,000, liabilities of $420,000 and common stock of $240,000. During the current year, assets increased by $480,000, liabilities decreased by $60,000 and common stock increased by $330,000. There was no payment of dividends to owners during the year.What was the amount of Blue Fin's change in total stockholders' equity during the year?
A. $300,000 increase
B. $240,000 increase
C. $540,000 increase
D. $420,000 increase
Answer: C
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Gary dies without a will. His survivors include his spouse Helen and his two children, Irene and John. Under applicable laws, of Gary's estate, Helen will probably receive
a. everything. b. nothing. c. one-half. d. one-third.
In the context of competitive advantage, the value of the first-best choice represents the opportunity cost of producing a second product.
Answer the following statement true (T) or false (F)
Opal Company manufactures a single product that it sells for $90 per unit and has a contribution margin ratio of 35%. The company's fixed costs are $46,800. If Opal desires a monthly target operating profit equal to 15% of sales, sales will have to be (rounded):
A. 1,486 units. B. 1,040 units. C. 3,467 units. D. 2,600 units.
How would a day care center operator benefit from the implementation of relationship marketing with the parents of three preschool children?
A. The children would benefit from socialization skills B. The parents wouldn't have to go looking for a new facility to keep their children C. The parents would ask for a reduced monthly rate D. The parents would spread the word about their happiness with the services provided by the day care center E. The parents would get to socialize with the other parents of children at their center