Question

Flash has beginning equity of $257,000, net income of $51,000, withdrawals of $40,000 and investments by owners of $6,000. Its ending equity is:

Answer 1

The net equity is $274,000. Option D  is correct.

Given that,
Flash has beginning equity of $257,000, net income of $51,000, withdrawals of $40,000, and investments by owners of $6,000. Its ending equity is to be determined.

What is equity?

Equity is defined as the worth that would be yielded to a business's shareholders if all of the investments were liquidated and all of the corporation debts were settled. equity as a phase of residual privilege in a business or investment after deducting all deficits associated with that investment.

Here,
Flash has beginning equity of $257,000, net income of $51,000, withdrawals of $40,000 and investments by owners of $6,000.

= $257,000 + $51,000 - $40,000 + $6000
=  $274,000

Thus, the net equity is $274,000. Option D  is correct.

Learn more about equity here:
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