Target, Inc

question 100

Essay

Target, Inc., started the year with total assets of $400,000 and total liabilities of $240,000.Net income for the year is $120,000 and dividends declared and paid during the year are $90,000.
A) What is the amount of Target's total stockholders' equity at the end of the year?
B) Could Target have paid additional dividends during the year? Explain your answer.

• A) What is the amount of Target's total stockholders' equity at the end of the year?
• B) Could Target have paid additional dividends during the year? Explain your answer.