Dunn,Inc.,started the year with total assets of $1,400,000 and total liabilities of $240,000.Net income for the year is $1,000,000 and dividends declared and paid during the year are $450,000.
A) What is the amount of Durn's total shareholders' equity at the end of the year?

Question

Dunn,Inc.,started the year with total assets of $1,400,000 and total liabilities of $240,000.Net income for the year is $1,000,000 and dividends declared and paid during the year are $450,000.
 A) What is the amount of Durn's total shareholders' equity at the end of the year?

Quizplus · Accepted Answer

The Answer of Dunn,Inc.,started the year with total assets of $1,400,000 and total liabilities of $240,000.Net income for the year is $1,000,000 and dividends declared and paid during the year are $450,000.
 A) What is the amount of Durn's total shareholders' equity at the end of the year?

Dunn,Inc,Started the Year with Total Assets of $1,400,000 and Total