Beginning Assets Were $437,600,Beginning Liabilities Were $262,560,Common Stock Sold During $$350,000
What Are the Ending Assets for the Year?
A)
Multiple Choice
Beginning Assets were $437,600,Beginning Liabilities were $262,560,Common Stock sold during the year totaled $45,000,Revenue for the year was $414,250,Expenses for the year were $280,000,Dividends declared was $22,700,and Ending Liabilities is $$350,000.
What are the Ending Assets for the year?
A) $ 700,160
B) $ 612,560
C) $ 787,600
D) $ 681,590
E) $1,159,410
Correct Answer:

Verified
Correct Answer:
Verified
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