Answer:
$487,400
Explanation:
Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.
The total shareholders’ equity at the end of Year 1
= $442,400 + $98,000 + $1,000 - $54,000
= $487,400
Common stock, net gain on available-for-sale investments in debt securities and report net profit increases the shareholder's equity while dividend paid reduces it hence the signs assigned.
True, Certificate of deposit is an interest-earning deposit that requires the funds to remain deposited for a fixed term.
<h3>What is an interest-earning bank account?</h3>
An interest checking account pays interest on the credit of the account, typically monthly. Though savings accounts typically earn higher yields than corresponding accounts, having an interest-bearing checking account allows you to make interest on the money in all of your funds.
<h3>Which bank is right for savings account?</h3>
State Bank of India (SBI) is the biggest bank of India that provides a wide range of banking products to the clients. SBI Savings Account is one of the popular products in which people can deposit their money safely. When it comes to good rates, the SBI Savings Account delivers 2.70% per annum.
To learn more about interest-earning deposit, refer
brainly.com/question/25787382
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Hello there, the correct answer is:
B.
