The Accounts of Mason Company at the End of the Past

question 13

Short Answer

The accounts of Mason Company at the end of the past year report the following amounts:
$\begin{array}{llcc} \text { Accounts } &\text {Amount } \\ \hline\text { Dividends..................} &\$15,500\\ \text {Revenues............................ } &\$79,000\\ \text {Expenses.................................. } &\$43,800\\ \text { Common stock.............. } &2,000\\\end{array}$

If the beginning equity for the year was $173,000, calculate the ending equity for Mason Company.

---

Definitions:

Item's Flow

The movement and progress of items through a production or supply chain process from raw materials to finished products.

Work-Centre Master File

A work-centre master file is a comprehensive database containing details about production centers in a manufacturing environment, including capabilities, capacities, and scheduling information.

Wage and Hour Law

Legislation that sets the standards for minimum wage, overtime pay, and other administrative requirements affecting employees in their place of work.

Labour Scheduling

The process of assigning work hours to employees in a way that meets both the operational needs of the business and the preferences or constraints of its workers.