Purchase Solution

Total Owners' Equity as of December 31, 2012?

Not what you're looking for?

Ask Custom Question

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?

Purchase this Solution
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.

Solution Preview

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

Solution provided by:
Carol Sargent, PhD
Education
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
Recent Feedback
  • "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
  • "Thank, this is more clear to me now."
  • "Awesome job! "
  • "ty"
  • "Great Analysis, thank you so much"
Purchase this Solution
Free BrainMass Quizzes
Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Motivation

This tests some key elements of major motivation theories.

Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

View More Free Quizzes
Related BrainMass Solutions

  • Book Value per share, Retained Earnings and Dividends

    Prob 15-2B The equity sections from the 2011 and 2012 balance sheets of Henns Corporation appeared as follows: Henns Corporation Shareholders' Equity December 31, 2011 Contributed Capital: Common shares, unlimited shares authorized, 350,000

  • Roloflex Company

    Equity = 50,000 Then, we will determine the Total Owners' Equity for December 31 as follows: - Assets = Liabilities + Total Owners' Equity 112,000 = 28,800 + Total Owners' Equity Total Owners' Equity = 83,200 1.

  • Financial Analysis of the Giovanni Company

    I would like for you to prepare the financial statements as well. The adjusted trial balance for Giovanni Co. as of December 31, 2011, follows: Giovanni Co. Adjusted Trial Balance December 31, 2011 No.

  • Balance Sheet Preparation - Simon Company

    Buildings 418,500 Land 130,000 Total Assets 855,000 Accounts payable 62,500 Mortgage payable 479,500 Total Liabilities 542,000 Owners' equity 313,000 Total Liabilities and Owners' equity 855,000 This solution is comprised of a detailed

  • Computing Elements of Owners' Equity

    December 31 Total Assets = Total Liabilities + Total Owners' equity (Capital Stock + Retained earnings) 15,000 + 180,000 = 45,000 + Total Owners' equity Total Owners' equity = 150,000 For capital stock, if it is increased by $10,000 during the period

  • Preparing a Worksheet, Financial Statements, and Closing Entries

    473516 Preparing a Worksheet, Financial Statements, and Closing Entries The trial balance of Fugazy Investment Advisers at December 31, 2012, follows: (see attachment) Adjustment data at December 31, 2012: a.

  • Classified Balance Sheet

    Simon Company Balance Sheet As on December 31, 2006 Assets Current Assets Cash 179,750 Accounts Receivable 123,000 Supplies 3,750 Total Current Assets 306,500 Land 130,000 Buildings 418,500 Total Assets 855,000

  • Classified balance sheet for Simon Company

    Simon Company Balance Sheet As on December 31, 2006 Assets Current Assets Cash 179,750 Accounts Receivable 123,000 Supplies 3,750 Total Current Assets 306,500 Land 130,000 Buildings 418,500 Total

  • Classified balance sheet for Simon Company

    Simon Company Balance Sheet As on December 31, 2006 Assets Current Assets Cash 179,750 Accounts Receivable 123,000 Supplies 3,750 Total Current Assets 306,500 Land 130,000 Buildings 418,500 Total Assets 855,000

View More Related Solutions