Pheasant Tail Company's Total Equity Increased by $32,000 During 2013

Essay

Pheasant Tail Company's total equity increased by $32,000 during 2013.New stockholder investment during the year totaled $65,000.Total revenues during the year were $500,000 and total expenses were $460,000.Cash on hand decreased by $7,500 during the year.What amount of dividends did Pheasant Tail declare during 2013?