If Shareholders equity at the beginning of the year was $400,000 and $10,000 was paid to shareholders as dividends. What is the average Shareholders equity?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 21EA: James Corporation earned net income of $90,000 this year. The company began the year with 600 shares...
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If Shareholders equity at the beginning of the year was $400,000 and $10,000 was paid to shareholders as dividends. What is the average Shareholders equity?

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