Cragmont has beginning equity of net income of dividends of

Question

Cragmont has beginning equity of $277,000, net income of $63,000, dividends of $25,000 and no additional investments by stockholders during the period. Its ending equity is:
A.$365,000.
B.$239,000.
C.$189,000.
D. $315,000.
E.$277,000.

Answer

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