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Baltimore Company experienced a total increase in stockholders' equity of $17,000 during the current year.
Baltimore Company experienced a total increase in stockholders' equity of $17,000 during the current year. Stockholders' equity was increased by additional issuances of $48,000 capital stock during the year. No dividends were paid. Expenses incurred during the year were $90,000. How much was Baltimore's revenue for the year?
Baltimore Company reports total assets and total liabilities of $246,000 and $105,000, respectively, at the conclusion, of its first year of business. The company earned $81,500 during the first year, and distributed $30,000 to shareholders as dividends. How much did shareholders initially invest in the business?
