The Paymore Co. reported the following long-term liabilities and stockholder's equity for 2010:

In 2010, Paymore earned $125 in net income and paid a $40 dividend. What is the 2010 total common shareholder equity figure?

Question

The Paymore Co. reported the following long-term liabilities and stockholder's equity for 2010:

In 2010, Paymore earned $125 in net income and paid a $40 dividend. What is the 2010 total common shareholder equity figure?

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The Answer of The Paymore Co. reported the following long-term liabilities and stockholder's equity for 2010:

In 2010, Paymore earned $125 in net income and paid a $40 dividend. What is the 2010 total common shareholder equity figure?