Homework Help: Accounting

Posted by Maddie on Thursday, September 25, 2008 at 12:28am.

On January 1, 2006 two individuals invested 510000 each to form Steve Corporation. Steve had total revenues of 240000 during 2006 and 250000 during 2007. Total expenses for the same periods were 120000 and 150000. Cash dividends paid out to stockholders totaled 22000 in 2006 and 28000 in 2007. What was Steve's total stockholders equity at the end of 2006 and 2007.

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