Doc's ribhouse had beginning equity of $52,000; net income of $35,000, and dividends by the company of $12,000. calculate the ending equity.

Doc's ribhouse beginning equity = $52,000

Net income = $35,000

dividends by the company = $12,000

Ending equity = ?

we can calculate ending equity by using this formula:

Beginning Equity + Net Income - Dividends = Ending Equity

now by putting the values we get

$52,000 + $35,000 - $12000 = Ending equity

Ending equity = $52,000 + $23,000

= $75,000

so, $75,000 is the ending equity.