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ʎddɐɥ ʎddɐɥ
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7 years ago
The following information was provided for the year ended March 31, 2007:
   Balance, April 1, 2006 common stock   $ 40,000
   Balance, April 1, 2006 paid-in capital   45,000
   Balance, April 1, 2006 retained earnings   136,000
   Sale of 1,000 shares common stock, par value $2   100,000
   Net loss   17,000
   Dividends declared   3,000
What is the balance as of March 31, 2007, for common stock on the statement of stockholders' equity?
A) $  42,000
B) $(60,000)
C) $140,000
D) $  40,000
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mourningbirdmourningbird
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7 years ago
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You make an excellent tutor!
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Just got PERFECT on my quiz
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