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Presented below are data for Bangkok Corp. 2017 2018 Assets, January 1 $8,850 $9,720 Liabilities, January 1 $4,860 ? Stockholders' equity, Jan. 1 ? ? Dividends $1,620 $1,215 Common stock $1,458 $1,296 Stockholders' equity, Dec. 31 ? ? Net income $1,920 $1,296 What will the stock equity at January 1 2018 be? a. $3,990 b. $5,748 c. $5,910 d. $4,290

Presented below are data for Bangkok Corp. 2017 2018 Assets, January 1 $8,850 $9,720 Liabilities, January 1 $4,860 ? Stockholders' equity, Jan. 1 ? ? Dividends $1,620 $1,215 Common stock $1,458 $1,296 Stockholders' equity, Dec. 31 ? ? Net income $1,920 $1,296 What will the stock equity at January 1 2018 be? a. $3,990 b. $5,748 c. $5,910 d. $4,290

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Presented below are data for Bangkok Corp. 2017 2018 Assets, January 1 $8,850 $9,720 Liabilities, January 1 $4,860 ? Stockholders' equity, Jan. 1 ? ? Dividends $1,620 $1,215 Common stock $1,458 $1,296 Stockholders' equity, Dec. 31 ? ? Net income $1,920 $1,296 What will the stock equity at January 1 2018 be? a. $3,990 b. $5,748 c. $5,910 d. $4,290
Transcribed Image Text:Presented below are data for Bangkok Corp. 2017 2018 Assets, January 1 $8,850 $9,720 Liabilities, January 1 $4,860 ? Stockholders' equity, Jan. 1 ? ? Dividends $1,620 $1,215 Common stock $1,458 $1,296 Stockholders' equity, Dec. 31 ? ? Net income $1,920 $1,296 What will the stock equity at January 1 2018 be? a. $3,990 b. $5,748 c. $5,910 d. $4,290
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