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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  1. $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

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