Last year the Digby company increased their equity In 2015 t
| Last year the Digby company increased their equity. In 2015 their equity was $49,136. Last year (2016) it increased to $53,658. What are causes of change in equity? Check all that apply. | ||||||||||||||||||||||
| Select: 3 | ||||||||||||||||||||||
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| Last year the Digby company increased their equity. In 2015 their equity was $49,136. Last year (2016) it increased to $53,658. What are causes of change in equity? Check all that apply. | ||||||||||||||||||||||
| Select: 3 | ||||||||||||||||||||||
|
Solution
The causes for changes in equity are :-
1) Depreciation of - $41,287
2) Issue and retirement of stock
3) Dividend payment of $6,494
