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 are the Ending Assets for the year?
A)$ 700,160
B)$ 612,560
C)$ 787,600
D)$ 681,590
E)$1,159,410

Question

Quizplus · Accepted Answer

(437,600 - 262,560) + 45,000 + 414,250-280,000-22,700 = 331,590 (end. Equity) + 350,000 = 681,590

Beginning Assets Were $437,600,Beginning Liabilities Were $262,560,Common Stock Sold During $$350,000 What Are the Ending Assets for the Year? A)

Beginning Assets Were $437,600,Beginning Liabilities Were $262,560,Common Stock Sold During $$350,000
What Are the Ending Assets for the Year?
A)