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Zapper has beginning equity of $275,000, net income of $60,000, withdrawals of $49,000 and investments by owners of $15,000. Its ending equity is:
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Zapper has beginning equity of $275,000, net income of $60,000, withdrawals of $49,000 and investments by owners of $15,000. Its ending equity is:

User Will Sherwood
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1 Answer

4 votes

Answer:

Ending Equity $279,000

Step-by-step explanation:

Calculation for the Ending Equity

Using this formula

Ending Equity = Beginning Equity + Investments by Owners + Net Income - Withdrawals

Let plug in the formula

Ending Equity = $275,000 + $15,000 + $49,000 - $60,000

Ending Equity = $279,000

Therefore the Ending Equity would be $279,000

User KekuSemau
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