E S324M QUESTION 25 1 po A new corporation was organized by owners of a new vent

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E S324M QUESTION 25 1 po A new corporation was organized by owners of a new venture In adition to thoiks own inialinestment of $80, 000, they issued S0, 000 new common shares with a par value of one dollar each At the end of the year, the venture had a loss ol $60, 000 At the end of the year, what is the total $common equity? A$80, 000 B $98,000 C. $100, 000 DS82, 000 E $70,000 QUESTION 26 Find the ROE for QAB Inc. for the Year 2010 QAB Dec 31st Income Statements Click Save and Submit to save and submit. Click Save All Ansuvers to save all answers Save All Answers 9N Se 7 8 9

Explanation / Answer

Intial equity = 80000 + 50000*1

   = 130000

Loss = 60000

End equity = Intial equity - Loss

   = 130000 - 60000

= 70000 (Option E)

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