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at the begining of the year, vendors, inc., had owners equity of $51,020. during the year,...

at the begining of the year, vendors, inc., had owners equity of $51,020. during the year, net income was $7,200 and the company paid dividends of $4,820. the company also repurchased

$9220 in equity. what was the owners equity account at the end of the year?
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Answer #1

Ending Equity = Beginning Equity + Net Income - Dividend Paid - Equity Repurchase

= $51,020 + $7,200 - $4,820 - $9,220

Ending Equity = $44,180

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