Question

Savvy sightseeing had beginning equity of $90,000; revenues of $144,000, expenses of $83,000, and dividends to stockholders of $10,800. there were no stockholder investments during the year. calculate ending equity.

Answer 1

$140,200

90,000      Begining equity

+144,000   Plus revenues

=234,000  New total

-83,000     Minus expenses

-10,800      Minus Dividends to stockholders

= 140,200  Equals Ending equity