Answered

Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Join our platform to connect with experts ready to provide precise answers to your questions in various areas. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Last year the Chester company increased their equity. In 2020 their equity was $49,136. Last year (2021) it increased to $54,912. What are causes of change in equity? Check all that apply.

Sagot :

AlemGilo1

Answer:

solution- subtract

Explanation:

54,912 - 49,136

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:  

  • Profit of $13051
  • Issue and retirement of stock
  • Dividend payment of $7057  

The remaining factors do not have any impact on equity.

What is Equity in simple terms?

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.

Your question is incomplete. Please read below for the missing content.

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

Learn more about equity here https://brainly.com/question/1957305

#SPJ2

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.