The accounts of Mason Company at the end of the past year report the following amounts:Accounts AmountDividends……. $15,500Revenues…………………………… $97,000Expenses……………………………. $43,800Stock issuances………………..... 2,000If the beginning equity for the year was $173,000, calculate the ending equity for Mason Company.
What will be an ideal response?
$212,700
Feedback: Beginning Equity + Stock Issuances ? Dividends + Revenues ? Expenses = Ending Equity
$173,000 + $2,000 ? $15,500 + $97,000 ? $43,800 = $212,700
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