Firm C has Total Assets of $ 4,000,000. The firm’s Owners Equity at the beginning of...

Firm C has Total Assets of $ 4,000,000. The firm’s Owners Equity at the beginning of the year was $2,800,000. The firm’s Net Income for the year was $ 400,000 and Dividends totaled $ 200,000… There was no Owners Investment for the year. Assuming that this information was for year ended 12/31/2007, please present the firm’s Statement of Owners Equity.

Expert Solution



	Firm C
	Statement of Owner's Equity
	For the year ended 12/31/2007

	Owners Equity at the beginning of the year	28,00,000
	Add: Net Income for the year	4,00,000
	Sub Total	32,00,000
	Less: Dividend paid	2,00,000

	Owners Equity at the end of the year	30,00,000

jeff jeffy answered 2 years ago

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