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Zapper has beginning equity of $293,000, net income of $69,000, dividends of $58,000 and stockholder

Posted on October 22, 2021 By Zapatamylene24 3 Comments on Zapper has beginning equity of $293,000, net income of $69,000, dividends of $58,000 and stockholder

Zapper has beginning equity of $293,000, net income of $69,000, dividends of $58,000 and stockholder investments of $24,000. Its ending equity is:

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Comments (3) on “Zapper has beginning equity of $293,000, net income of $69,000, dividends of $58,000 and stockholder”

  1. Expert says:
    October 23, 2021 at 3:59 am

    b $274.07

    step-by-step explanation:

    you just devide 222 by 0.81

    Reply
  2. Expert says:
    October 23, 2021 at 4:09 am

    answer; false pretense;

    Reply
  3. michaeldragon9663 says:
    October 23, 2021 at 4:33 am

    $328,000

    Explanation:

    As we all know that:

    Ending Equity = Opening Equity + Share Issues + Net Income – Net Loss – Dividends Paid

    Here,

    Opening Equity is $293,000

    Money raised through Shares Issuance was $24,000

    Net Income would be $69,000

    Dividends paid were $58,000

    There were no losses as their is Profit for the year (Net Income).

    By putting values, we have:

    Ending Equity = $293,000  +  $24,000   +  $69,000   -  $58,000

    = $328,000

    Reply

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