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173. Copper Company's equity at the beginning of August 2014 was $750,000. During the month, the company earned net income of $150,000 and paid dividends

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173. Copper Company's equity at the beginning of August 2014 was $750,000. During the month, the company earned net income of $150,000 and paid dividends of $50,000. At the end of August 2014, what is the amount of equity? a. $650,000 b. $750,000 c. $850,000 d. $950,000 Ans: LOS BT: AP Difficulty: Easy TOT: 1.0 min. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting

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