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At the beginning of the year, Vendors, Inc., had owners' equity of $48,875. During the year, net income was $5,275 and the company paid dividends
At the beginning of the year, Vendors, Inc., had owners' equity of $48,875. During the year, net income was $5,275 and the company paid dividends of $3,775. The company also repurchased $7,625 in equity. What was the owners' equity account at the end of the year? Multiple Choice O $42.750 O $37,475 O $35,975 O $47,450 O $41.250 Maynard Enterprises paid $1,860 in dividends and $1,900 in interest over the past year. The common stock account increased by $1,680 and retained earnings decreased by $770. What was the company's net income? Multiple Choice $910 $2.630 $1.090 O $2,450 $2.770 Hoodoo Voodoo Co. has total assets of $64,500, net working capital of $19,450, owners' equity of $31,610, and long-term debt of $22,090. What is the company's current assets? Multiple Choice $31,610 O $30.250 O $34,250 $45.050 O O $53.700
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