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Selected Financial Statement Accounts Are as Follows A) $103,000
B) $97,000
C) $19,000
D) $85,000

Question 64

Multiple Choice

Selected financial statement accounts are as follows. How much is the firm's ending equity? Income for the year $25,000Dividends paid 6,000Beginning equity for the year 56,000Adclitional stock sold 22,000\begin{array}{lr}\text {Income for the year }&\$ 25,000\\\text {Dividends paid }&6,000\\\text {Beginning equity for the year }&56,000\\\text {Adclitional stock sold }&22,000\\\end{array}


A) $103,000
B) $97,000
C) $19,000
D) $85,000

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