The correct option for What causes of change in equity is A. Profit of $ 13,051, C. Issue and retirement of stock, E. Dividend payment of $ 7057.
Ending Equity = Begining equity + New issue - Buy back of stock +Profits
Dividends.
The following are caused by changes in equity:
The remaining factors do not have any impact on equity.
Equity is the amount of capital invested or owned by the owner of the company. The equity is evaluated by the difference between liabilities and assets recorded on the balance sheet of a company. The worthiness of equity is based on the share price or a value regulated by the valuation professionals or investors.
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Last year the Chester company increased its equity. In 2020 their equity was $49,360. Last year (2021) it increased to $53,800. What are the causes of change in equity? Check all that apply.
Select : 3
A. Profits of $13,051
B. Depreciation of -$41,287
C. Issue and retirement of stock.
D. A bond issue of$1,279.
E. Dividend payment of$7,057.
F. Change in inventory of-$2,139.
G. An accounts payable change of$1,984.
H. A change in short-term debt of-$4,032.
I. A change of plant and equipment of$9,580.
J. A change in cash of -$494.
K. Plant Improvements of $9,580
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