Hello tutor answer the accounting question not use ai Bramble Corp. started the year with total assets of$218,000 and total liabilities of $112,000. During the year,the business recorded $328,000 in revenues, $162,000 inexpenses, and dividends of $52,000. Whatstockholders' equity at the end of the year?

Step 1: Define Total EquityIn accounting, total equity refers to the total assets net of…

Answered: Bramble Corp. started the year with…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 21EB: Brunleigh Corporation earned net income of $200,000 this year. The company began the year with...

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Bramble Corp. started the year with total assets of $218,000 and total liabilities of $112,000. During the year, the business recorded $328,000 in revenues, $162,000 in expenses, and dividends of $52,000. What stockholders' equity at the end of the year?