At the end of the current period, Maltese, Inc. reports the following amounts: Assets = $44,900; Liabilities = $20,800; Dividends = $4,370; Revenues = $29,000; Expenses = $12,600. Calculate net income and stockholders' equity at the end of the period.

Respuesta :

At the end of the current period, as per the reports of Maltese Inc., the net income is $12030 and the stockholders' equity is $ 24100.

As per the data provided in the question statement, at the end of the current period, Maltese, Inc. reported the following amounts: Assets = $44,900; Liabilities = $20,800; Dividends = $4,370; Revenues = $29,000; Expenses = $12,600.

To calculate net income, we will simply have to subtract the sum of expenses and dividends from the revenues generated. Therefore, net income of Maltese, Inc. at the end of this current period is

$ [29000 - (12600 + 4370) = $ 12030.

And to calculate stockholders' equity, we will simply have to subtract the liabilities from the valuation of the company's Assets. Therefore, stockholders' equity of Maltese, Inc. at the end of the current period is $ (44900 - 20800) = $ 24100.

  • Stockholders' equity: This is the amount that the owners of a company have invested in their business, including the money they've directly invested and the accumulation of income, the company has earned and that has been reinvested since inception.
  • Dividends: A dividend is a distribution of profits or surplus by a corporation to its shareholders in fixed proportions.

To learn more about Stockholders' equity and Dividends, click on the link below.

https://brainly.com/question/17046164

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