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27 February, 13:07

Zapper has beginning equity of $275,000, net income of $60,000, withdrawals of $49,000 and investments by owners of $15,000. Its ending equity is:

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  1. 27 February, 13:21
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    Ending Equity $279,000

    Explanation:

    Calculation for the Ending Equity

    Using this formula

    Ending Equity = Beginning Equity + Investments by Owners + Net Income - Withdrawals

    Let plug in the formula

    Ending Equity = $275,000 + $15,000 + $49,000 - $60,000

    Ending Equity = $279,000

    Therefore the Ending Equity would be $279,000
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