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

Question

SashulF [63]

1 year ago

15

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

nding equity is:

Mathematics

1 answer:

Margaret [11] · Answer 1 · 2024-03-25T20:03:54+03:00

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.

<h3>What is equity?</h3>

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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