Beginning Assets Were $437,600,Beginning Liabilities Were $262,560,Common Stock Sold During $$350,000
What Was the Beginning Equity for the Year?
A)$700,160

question 73

Multiple Choice

Beginning Assets were $437,600,Beginning Liabilities were $262,560,Common Stock sold 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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Definitions:

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