Use the following information for questions . Stahl Consulting started the year with total assets of $€ 60,000$ and total liabilities of $€ 15,000$. During the year, the business recorded $€ 48,000$ in catering revenues and $€ 24,000$ in expenses. Stahl issued ordinary shares of $€ 9,000$ and paid dividends of $€ 15,000$ during the year.
-The equity at the end of the year was

Question

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The equity at the beginning of the year was $€ 45,000$ (Assets $€ 60,000$ - Liabilities $€ 15,000$). During the year, net income was $€ 24,000$ (Revenues $€ 48,000$ - Expenses $€ 24,000$). New shares issued added $€ 9,000$ to equity, and dividends paid reduced equity by $€ 15,000$. Therefore, the ending equity is $€ 45,000 + € 24,000 + € 9,000 - € 15,000 = € 63,000$.

Use the Following Information for Questions €60,000€ 60,000€60,000 And Total Liabilities Of

Use the Following Information for Questions $€ 60,000$ And Total Liabilities Of