Benito Company Began the Year with Equity of $525,000

question 59

Multiple Choice

Benito Company began the year with equity of $525,000. During the year, the company recorded revenues of $750,000, expenses of $570,000, and paid dividends of $60,000. What was Benito's equity at the end of the year?

• A) $765,000.
• B) $645,000.
• C) $1,215,000.
• D) $705,000.

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