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    Total Owners' Equity as of December 31, 2012?

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    A certain company had the following:
    Total Assets at Dec. 31, 2012: $1,000K;
    Total Liabilities at Dec. 31, 2012: $400K;
    Total Contributed Capital at Dec. 31, 2012: $200K;
    Total Retained Earnings at Dec. 31, *2011*: $450K;
    Total Revenues for 2012: $300K; Total Dividends for 2012: $150K.

    Required: How much is this company's Total Owners' Equity as of December 31, 2012?

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    https://brainmass.com/business/issuing-equity/determining-total-owner-equity-496510

    Solution Preview

    I have created a model in Excel showing you the three tables you need to work this ...

    Solution Summary

    I have created a model in Excel showing you the three tables you need to work this type of problem. First, you create a mini-balance sheet and solve for the missing piece. Then you create a statement of changes in Retained Earnings. Finally, you create a mini-income statement. Then you have what you need to address the requirements.

    $2.19