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 was the beginning equity for the year?
A) $700,160
B) $787,600
C) $187,600
D) $612,560
E) $175,040

Question

Quizplus · Accepted Answer

437,600 - 262,560 = 175,040

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

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