Value of the business equity account, Finance Basics

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Value of the business equity account

Problem:

In 2011, net income was $1,500,000 and it distributed $500,000 to owners in form of dividends. Its beginning of year equity was $12,000,000.

Required:

Question: What is the ending 2011 value of the business equity account?

Note: Please show the work not just the answer.

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Finance Basics: Value of the business equity account

Reference No:- TGS0878930

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Finance Basics: Value of the business equity account

Reference No:- TGS0878930

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Recent Questions Asked Finance Basics

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Finance Basics: Value of the business equity account

Reference No:- TGS0878930

Recent Questions Asked Finance Basics

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