During July, its first period of operations, Aju inc. sold ordinary shares for $ \mathrm{W} 960,000,000 $, earned net income of $ W 110,000,000 $, and paid dividends of $ W 27,000,000 $. Equity at the end of July is

Question

Quizplus · Accepted Answer

The equity at the end of July is calculated as the initial equity from selling shares plus net income minus dividends: $ W 960,000,000 + W 110,000,000 - W 27,000,000 = W 1,043,000,000 $.

During July, Its First Period of Operations, Aju Inc W960,000,000 \mathrm{W} 960,000,000 W960,000,000

During July, Its First Period of Operations, Aju Inc $\mathrm{W} 960,000,000$