Beginning assets were $437,600,beginning liabilities were $262,560,common stock issued during the year totaled $45,000,revenue for the year was $414,250,expenses for the year were $280,000,dividends declared was $22,700,and ending liabilities is $$350,000.
What are the ending assets for the year?
A) $ 700,160
B) $ 612,560
C) $ 787,600
D) $ 681,590
E) $1,159,410

Question

Quizplus · Accepted Answer

(437,600 - 262,560) + 45,000 + 414,250 - 280,000-22,700 = 331,590 (end. equity) + 350,000 = 681,590

Beginning Assets Were $437,600,beginning Liabilities Were $262,560,common Stock Issued During $$350,000 What Are the Ending Assets for the Year? A)

Beginning Assets Were $437,600,beginning Liabilities Were $262,560,common Stock Issued During $$350,000
What Are the Ending Assets for the Year?
A)