Hancock Toy Co. had Net Income of $500,000 and paid cash dividends of $200,000 during this year. Assume that Hancock Toy started the year with its equity of $900,000. Then, it's year ending equity be? A: $850,000 B: $1,900,000 C: $1,250,000 D: $1,200,000

Hancock Toy Co. had Net Income of $500,000 and paid cash dividends of $200,000 during this year. Assume that Hancock Toy started the year with its equity of $900,000. Then, it's year ending equity be? A: $850,000 B: $1,900,000 C: $1,250,000 D: $1,200,000

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

A: $850,000

B: $1,900,000

C: $1,250,000

D: $1,200,000

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