Homework Answers
Given Sivvy SightSeeing have Beginning Equity = $84,000
Revenues = $126,000
Expenses = $77,000
Dividends, to stock holders = $10,200
Calculations:
1) Calculation of Net Income to Sivvy Sight seeing
Net Income = Revenues - Expenses
= $126,000 - $77,000
Net Income = $49,000
2) Claculation of Ending Equity
Ending Equity = Beginning Equity + Net income - Dividend paid to stock holders
= $84,000 + $49,000 - $10,200
Ending Equity = $122,800
Hence Option $122,800 is Correct.
With these calculations it is clearly known that the remaining options are incorrect.
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