Doc's Ribhouse Had Beginning Equity of $52,000; Net Income of $35,000,and

question 45

Multiple Choice

Doc's Ribhouse had beginning equity of $52,000; net income of $35,000,and dividends of $12,000.There were no stockholder investments during the year.Calculate the ending equity.

• A)$(5,000).
• B)$29,000.
• C)$5,000.
• D)$99,000.
• E)$75,000.

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Ideas or mental representations of objects, events, or states of affairs.

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Abstraction

The process of reducing complexity by focusing on the essential characteristics of something, ignoring irrelevant detail.