Problemin 2011 net income was 1500000 and it distributed, Ask an Expert

Finance

Problem:

In 2011, net income was $1,500,000 and it distributed $500,000 to owners in form of dividends. Its beginning of year equity was $12,000,000.

Required:

Question: What is the ending 2011 value of the business equity account?

Note: Please show the work not just the answer.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91148832

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