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September 22, 2014

Homework Help: Accounting

Posted by Rhea on Friday, January 7, 2011 at 9:02pm.

How do you calculate the 'Capital stock at the end of the year' with the following information?

Revenues: $375,000
Expenses: $297,000
Net Income: $78,000
Retained earnings at the beginning of the year: 0
Retained earnings at the end of the year: $68,000
Liabilities at the end of the year: $225,000
Assets at the end of the year: $393,000

Thanks in advance for the help!

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