Cragmont has beginning equity of $277,000, net income of $63,000, dividends of $25,000 and no additional investments by stockholders during the period. Its ending equity is:
A. $315,000.
B. $189,000.
C. $365,000.
D. $277,000.
E. $239,000.
Answer: A
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Answer the following statement true (T) or false (F)
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What will be an ideal response?
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