The following information was provided for ABC Business Enterprises for the past year: Shareholders equity beginning 3,592,000

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The following information was provided for ABC Business Enterprises for the past year:
Shareholders equity beginning 3,592,000
Profit for the yare 200,000
Return on shareholders equity 2.50%
What was the ending balance for shareholders’ equity?

$12,408,000

$12,000,000

$12,608,000

$11,792,000

Related Book For answer-question

Fundamental Managerial Accounting Concepts

ISBN: 978-0078025655

7th edition

Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old

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Posted Date: May 13, 2022 05:12 AM

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The following information was provided for ABC Business Enterprises for the past year: Shareholders equity beginning 3,592,000

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Answer 12 408000 Explanation Return on shareholders equity Profit Average ... View the full answer

Fundamental Managerial Accounting Concepts

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