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Beginning Assets Were $700,000,beginning Equity Was $225,000,revenue for the Year

Question 226

Multiple Choice

Beginning assets were $700,000,beginning equity was $225,000,revenue for the year was $523,000,common stock issued during the year totaled $320,000,expenses for the year were $392,000,ending equity was $751,000,and ending assets were $963,000. What are the ending liabilities for the year?


A) $738,000
B) $998,000
C) $212,000
D) $203,000
E) $475,000

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