Homework Answers
C. Is the correct answer
Calculation of stockholder's equity Ending of the year
Precision camera company started the year, so assets and liablitites are the beginning of the year.
now we can calculate beginning equity.
Beginning equity = Beginning Assets - Beginning Liablitites
Beginning equity = 90,000 - 65,000 = 25,000
For the calculation of shareholder's equity ending of the year
Ending Equity = Beginning equity + Revenue - Expenses - Dividend
Ending Equity = 25,000 + 100,000 - 70,000 - 40,000 = 15,000
Ending equity = 15,000
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Question 1 0.4 pts Precision Camera Services started the year with total assets of $90,000 and...
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