As of December 31, 2018, Warner Corporation reported the following: During 2019, half of the treasury stock was resold for $240,000; net income was $600,000; cash dividends declared were $1,500,000; and stock dividends declared were $500,000.
- What would shareholders' equity be as of December 31, 2019?

Question

As of December 31, 2018, Warner Corporation reported the following:  During 2019, half of the treasury stock was resold for $240,000; net income was $600,000; cash dividends declared were $1,500,000; and stock dividends declared were $500,000.
- What would shareholders' equity be as of December 31, 2019?

Quizplus · Accepted Answer

11ea937b_35ab_bf73_a419_d37e5a68e49a_TB2599_00

As of December 31, 2018, Warner Corporation Reported the Following