Ending Equity = Beginning Equity + Net Income - Dividend Paid - Equity Repurchase
= $51,020 + $7,200 - $4,820 - $9,220
Ending Equity = $44,180
at the begining of the year, vendors, inc., had owners equity of $51,020. during the year,...
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During the year, A Salt & Buttery, Inc., had revenue of $86,000 of which $17,000 was collected from customers. It also had expenses of $29,000 of which $3,000 was paid. The owners were paid $20,000 in dividends. Net income for the year equals DO NOT INCLUDE $ IN ANSWER
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