Zapper has beginning equity of $257,000,net income of $51,000,dividends paid of $40,000 and stockholder investments of $6,000.Its ending equity is:

A) $223,000.
B) $240,000.
C) $268,000.
D) $274,000.
E) $208,000.

Question

Jitendra Sharma · Accepted Answer

Final Answer : D, Explanation :  Ending equity is calculated by taking the beginning equity, adding net income, adding stockholder investments, and subtracting dividends paid. So, $257,000 + $51,000 + $6,000 - $40,000 = $274,000.

Zapper has beginning equity of $257,000,net income of $51,000,dividends paid of $40,000 and stockholder investments of $6,000.Its ending equity is:

A) $223,000.
B) $240,000.
C) $268,000.
D) $274,000.
E) $208,000.

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Learning Objectives

Related questions

Zapper has beginning equity of $257,000,net income of $51,000,dividends paid of $40,000 and stockholder investments of $6,000.Its ending equity is:A) $223,000.B) $240,000.C) $268,000.D) $274,000.E) $208,000.

Definitions

Learning Objectives

Learning Objectives

Related questions

Zapper has beginning equity of $257,000,net income of $51,000,dividends paid of $40,000 and stockholder investments of $6,000.Its ending equity is:

A) $223,000.
B) $240,000.
C) $268,000.
D) $274,000.
E) $208,000.