Solved: The company earned 75000 during the first year and, Accounting Basics

+44 141 628 6080
[email protected]

The company earned 75000 during the first year and

Question - Coleman Inc. reports total assets and total liabilities of $225/000 and $100/000, respectively, at the conclusion of its first year of business. The company earned $75,000 during the first year and distributed $30/000 in dividends. What was the firm's contributed capital?

A. $125,000

B. $95/000

C. $80,000

D. $50,000

Solution Preview :

Prepared by a verified Expert

Accounting Basics: The company earned 75000 during the first year and

Reference No:- TGS02839687

Now Priced at $20 (50% Discount)

Recommended (95%)

Rated (4.7/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

How protein is an essential part of our health

Protein is an essential part of our health as it forms building blocks for all of our cells, which then use amino acids to repair muscle, skin, organs, and bone

Discuss about health information exchanges in the niles

Review the information about Health Information Exchanges in the Niles (2024) textbook. Match the description to the term as best as you can

Discuss education and care services national regulations

According to the Education and Care Services National Regulations, when children attend the service there must also be at least one staff

How to determine if there is a quality issue

In Lesson, we discussed how to determine if there is a quality issue to measure and access. Meaning, once you have determined there is a quality problem

What inter-professional involvement needs to be considered

You have less than 10 minutes to identify the health and social concerns/needs and interventions you believe should be considered for Lorena

Why should contraception be a reproductive right

According to our textbook, lack of access to contraception negatively impacts women Why should contraception be a reproductive right?

Problem regarding childhood education and care services

In early childhood education and care services parents must always be fully informed in advance about anything that is provided for their child

Solution Preview :

Prepared by a verified Expert

Accounting Basics: The company earned 75000 during the first year and

Reference No:- TGS02839687

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : The companys tax rate was 20 and it had 50000 shares

Q : Please describe the purpose of digital signatures what are

Q : Technology can be a vital component of training delivery

Q : List and describe two of the most common connectors on pcs

Q : The company earned 75000 during the first year and

Q : Using the pert program evaluation review technique

Q : Based on the the article titled securing the cloud for the

Q : Unrealized holding loss available for sale securities net

Q : Use the internet to find a post of your interest regarding