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:

Alexis De Tocqueville

A French political thinker and historian best known for his works "Democracy in America" (1835), where he explores American society, its democratic institutions, and its political culture.

Market Revolution

A period of economic transformation in the United States during the early 19th century, characterized by a shift from subsistence farming to large-scale agriculture, and the emergence of regional and national markets.

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The ability of individuals and businesses to engage in economic activities without undue government intervention, leading to greater prosperity and societal well-being.