Solved

Beginning Assets Were $437,600,beginning Liabilities Were $262,560,common Stock Issued During

Question 45

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 were the ending assets for the year?


A) $ 700,160
B) $ 612,560
C) $ 787,600
D) $ 681,590
E) $1,159,410

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions