Last year the Chester company increased their equity. In 2017 their equity was $
ID: 421492 • Letter: L
Question
Last year the Chester company increased their equity. In 2017 their equity was $49,127. Last year (2018) it increased to $52,605. What are causes of change in equity? Check all that apply. Select: 3
A change of plant and equipment of$9,580.
A bond issue of$1,376. An accounts payable change of$1,329.
A change in short term debt of-$4,483.
Plant Improvements of $9,580
Depreciation of -$41,287
Dividend payment of$6,484.
Change in inventory of-$2,283.
Profits of $11,568
A change in cash of -$1,705.
Issue and retirement of stock .
Explanation / Answer
The causes of change in equity are:
Profits of $ 11,568
Dividend payment of $ 6,484
Issue and retirement of stock
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