Multiple Choice
Beginning assets were $437,600,beginning liabilities were $262,560,common stock issued during the year totaled $45,000,revenue for the year was $414,250,expenses for the year were $280,000,dividends declared were $22,700,and ending liabilities were $350,000. What was the ending equity for the year?
A) $700,160
B) $331,590
C) $134,250
D) $612,560
E) $175,040
Correct Answer:

Verified
Correct Answer:
Verified
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