Given below are several accounts from Deere Company's accounting records.

Net income for the year was $35,000.How much is total shareholders' equity at the end of the year?
A) $86,000.
B) $82,000.
C) $87,000.
D) $77,000.

Name: Given below are several accounts from Deere Company's accounting records. Net income for the year was $35,000.How much is total shareholders' equity at the end of the year? A) $86,000. B) $82,000. C) $87,000. D) $77,000.
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Question

Given below are several accounts from Deere Company's accounting records.

Net income for the year was $35,000.How much is total shareholders' equity at the end of the year?
A) $86,000. 
B) $82,000. 
C) $87,000. 
D) $77,000.

Quizplus · Accepted Answer

$22,000 + $25,000 - $5,000 + $35,000 = $77,000

Given Below Are Several Accounts from Deere Company's Accounting Records