Question

Zapper has beginning equity of $257,000, net income of $51,000, dividends of $40,000 and investments by stockholders of $6,000. its ending equity is

Answer 1

$275,000

257,000 Beginning Equity

+51,000 Net Income

+6,000 Investments from stockholders

=314,000 New total

-40,000 Minus dividends payed to stockholders

=275,000 Equals ending equity