At the beginning of the year, owners' equity totaled $119,000. During the year, net income was $35,000, and dividends of $29,000 were declared and paid. Owners' equity at the end of the year was a. $113,000. b. $125,000. c. $148,000. d. $154,000.

At the beginning of the year, owners' equity totaled $119,000. During the year, net income was $35,000, and dividends of $29,000 were declared and paid. Owners' equity at the end of the year was a. $113,000. b. $125,000. c. $148,000. d. $154,000.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Question

Owners equity at the end of the year was

At the beginning of the year, owners' equity totaled
$119,000. During the year, net income was
$35,000, and dividends of $29,000 were declared
and paid. Owners' equity at the end of the year was
a. $113,000.
b. $125,000.
c. $148,000.
d. $154,000.

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