Refer to the information above. At the beginning of October, owners' equity in Waldorf was $480,000. Given the transactions of October, 2014, what will be the owners' equity at the end of the month?
A. $480,000.
B. $484,000.
C. $502,500.
D. $580,500.
B
480,000 (Beginning Owners' Equity) + $22,500 (Net income) - $18,500 (Dividends)
Ending Owners' Equity = $484,000
Business
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