Benito Company Began the Year with Equity of $350,000

question 40

Multiple Choice

Benito Company began the year with equity of $350,000.During the year, the company recorded revenues of $500,000, expenses of $380,000, and paid dividends of $40,000.What was Benito's equity at the end of the year?

• A)$510,000.
• B)$430,000.
• C)$810,000.
• D)$470,000.

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Definitions:

Account Hijacking

Unauthorized access and misuse of an individual's personal account information, often for fraudulent purposes.

Online Estate Planning

The process of arranging the management and disposal of a person’s estate via internet platforms, often including the creation of wills and trusts.

Identity Theft

The deceitful obtaining and utilization of an individual's confidential identity details, often for monetary benefit.

Social Media Account

A personal or business profile created on platforms designed for sharing, interacting, and networking online.