The Accounts of Mason Company at the End of the Past

question 147

Short Answer

The accounts of Mason Company at the end of the past year report the following amounts:
$$\begin{array} { l r } \text { Accounts } & \text { Amount } \\\hline \text { Dividend } & \$ 15,500 \\\text { Reveruses } & \$ 97,000 \\\text { Expenses } & \$ 43,800 \\\text { Stock issuances } & 2,000\end{array}$$
If the beginning equity for the year was $173,000,calculate the ending equity for Mason Company.

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Definitions:

Exchange Rate

The price of one currency in terms of another, crucial in international finance as it determines how much one currency is worth in another.

Political Risk

The risk of losing money due to changes in a country's political environment or policy.

Foreign Operations

Business activities and transactions conducted in countries other than the company's home country.

Parent Company

A corporation that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors.