Question

Darden has beginning equity of $284,000, total revenues of $70,000, and total expenses of $32,000. the company has no other transactions impacting equity. the company's ending equity is:________

Answer 1

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Answer 2

Darden has a beginning equity of $284,000, total revenues of $70,000, and total expenses of $32,000. the company has no other transactions impacting equity. the company's ending equity is $38000.

What is equity?

Equity is defined as a company's capital that is raised and then utilized to fund operations, invest in projects, and buy assets. Equity in the context of finance refers to ownership of assets with potential obligations such as debts. Liabilities are subtracted from equity to calculate equity for accounting reasons. Owning stock means you have an interest, no matter how tiny, in the corporation that issued the shares. When you hold a bond or piece of commercial paper, which is a debt that the corporation owes you, you are the owner of equity.

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