The December 31 . 2014, balance sheet of Giorgio Inc, reported total assets of $1,050,000 and total liabilities of $680,000 . The following information relates to the year 2015: • Madden Inc issued an additional 5,000 shares of common stock at $25 per share on July 1 . 2015. • Madden Inc paid dividends totaling $80,000. • Net income for 2015 was $110,000. • No other changes occurred in
stockholders' equity during 2015. The stockholders' equity section of the December 31 . 2015, balance sheet would report a balance of
a. $400,000.
b. $685,000.
c. $525,000.
d. $835,000.
C
Business
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Principles developed by Ivy Lee in working with the press on behalf of business included ________
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