Question

During the​ year, ​, ​Inc., has in​ revenues, in​ expenses, and in dividend payments.​ Stockholders' equity changed by

Answer 1

$198,000

Step-by-step explanation:

Here is the full question used in answering this question :

During the year, Fast/Wash Inc., has $310,000 in revenues, $105,000 in expenses, and $7,000 in dividend payments. Stockholders equity changed by

Change in stockholders equity = +310,000 - $105,000 - $7,000 = $198,000

Income increases stockholders equity while, dividend payments and expenses reduce stockholders equity.