Multiple Choice
On December 31, 2013, TTX reported owners' equity of $150,000.During 2014, TTX declared and paid cash dividends of $30,000; reported a net loss of $15,000; issued additional common shares (no par) for $70,000; and purchased treasury stock at a cost of $15,000 (cash) , Therefore, the 2014 ending amount of shareholders' equity was:
A) $230,000
B) $215,000
C) $160,000
D) $170,000
Correct Answer:
Verified
Correct Answer:
Verified
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