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19 November, 01:56

Zapper has beginning equity of $279,000, net income of $62,000, dividends of $51,000 and investments by stockholders of $17,000. its ending equity is:

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  1. 19 November, 05:43
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    Given: Zapper’s beginning equity of $279,000

    Net Income of $62,000

    Dividends of $51,000

    Investments by stockholders of $17,000

    Formula: Beginning equity + Investments + Net Income - Net Loss - Withdrawals = Ending Equity

    Solution: $279,000 + $17,000 + $62,000 - $51,000 = $307,000

    Zapper’s ending equity is $307,000
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