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Torres Travel’s stockholders' equity at the beginning of March 2022 was $200,000. During the month, the company earned net income of $50,000 and paid dividends of $10,000. At the end of March 2022, what is the amount of stockholders' equity?

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norvysgonzalez

Answer:

At the end of March 2022,  the amount of stockholders' equity is $240,000

Explanation:

The net income of $50,000 increases the amount of stockholders' equity:

stockholders' equity +  net income =  $250,000

And the paid dividends of $10,000 decreases the amount of stockholders' equity:

stockholders' equity -   paid dividends =  $240,000

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