Hello tutor please provide correct answer general accounting question Growth Tech has beginning equity of $425,000, net income of $78,000,dividends of $35,000, and additional paid-in capital from a new stockissuance of $12,000. Its ending equity is:A. $468,000B. $480,000C. $503,000D. $455,000E. $490,000

Step 1: Define Ending EquityEnding equity represents the total ownership interest in a company after…

Answered: Growth Tech has beginning equity of…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter12: The Cost Of Capital

Section: Chapter Questions

Problem 17P

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Growth Tech has beginning equity of $425,000, net income of $78,000, dividends of $35,000, and additional paid-in capital from a new stock issuance of $12,000. Its ending equity is: A. $468,000 B. $480,000 C. $503,000 D. $455,000 E. $490,000