Last year the Chester company increased their equity. In 2017 their equity was $
ID: 2614212 • Letter: L
Question
Last year the Chester company increased their equity. In 2017 their equity was $49,131. Last year (2018) it increased to $54,027.
What are causes of change in equity?
Check all that apply.
Select: 3
Change in inventory of-$3,275.
A change of plant and equipment of$9,580.
Dividend payment of$6,489.
A bond issue of$1,377.
Plant Improvements of $9,580 Depreciation of -$41,287
Profits of $12,992 Issue and retirement of stock .
A change in short term debt of-$4,478.
An accounts payable change of$1,654.
A change in cash of $453.
Explanation / Answer
1. Profits of $12,992 Issue and retirement of stock.
2. Dividend payment of $6,489.
Total shareholder's equity can be effected by issuance of stock or redemption of it , dividend payment of shares and change in Retained Earning Balance.
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