Compute the companys equity as of the beginning

Reference no: EM131975163

Problem

Scotty Company had equity of $860,000 at the end of the current year. During this year the company had a $86,000 net loss and investments by owners in exchange for stock of $150,000. During the year, the company paid dividends of $90,000 to stockholders. Compute the company's equity as of the beginning of this year.

Reference no: EM131975163

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