A firm has net income for the year of $32,600. At the beginning of the year
June 8th, 2024
A firm has net income for the year of $32,600. At the beginning of the year, the firm hadcommon stock of $88,000, paid-in surplus of $154,000, and retained earnings of $29,000. Atthe end of the year, the firm had common stock of $103,000, paid-in surplus of $173,400, andretained earnings of $40,500. The firm does not pay dividends. What is the amount of the netnew equity raised during the year?
