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:

Freedom To Farm Act

A law passed in 1996 that revamped 60 years of U.S. farm policy by ending price supports and acreage allotments for wheat, corn, barley, oats, sorghum, rye, cotton, and rice.

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Federal Government

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