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| Teaching Since: | Apr 2017 |
| Last Sign in: | 332 Weeks Ago |
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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
On May​ 1, 2011, Chickla​ Corporation's balance sheet had the following information​ available:
Total Assets
​ $500,000
Total Liabilities
​ $400,000
Total​ Stockholders' Equity
​ $100,000
During the month of​ May, Chickla Corporation earned revenues of​ $120,000 and incurred expenses of​ $30,000. Dividends declared during May were​ $20,000. The dividends will be paid in June. No other capital transactions occurred. What amount did Chickla​ Corporation's total​ stockholders' equity increase by in​ May?
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