Beginning Assets Were $437,600,beginning Liabilities Were $262,560,common Stock Issued During $$350,000
What Was the Beginning Equity for the Year?
A)

question 61

Multiple Choice

Beginning assets were $437,600,beginning liabilities were $262,560,common stock issued during the year totaled $45,000,revenue for the year was $414,250,expenses for the year were $280,000,dividends declared was $22,700,and ending liabilities is $$350,000.
What was the beginning equity for the year?

• A) $700,160
• B) $787,600
• C) $187,600
• D) $612,560
• E) $175,040

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