Consider Southeast Home Care, which is a for-profit business. In 2020, its net income was $1,500,000 and it distributed $500,000 to owners in the form of dividends. Its beginning-of-year equity balance was $12,000,000. Use this information and the income statement located in this week’s (week 4) Assignment 1 resources to construct the business’s statement of changes in equity. What is the ending 2020 value of the business’s equity?
Length: Submit your answer on one EXCEL worksheet.Length: Submit your answer on one EXCEL worksheet.
The completed assignment should address all of the assignment requirements, exhibit evidence of concept knowledge, and demonstrate thoughtful consideration of the content presented in the course. The writing should integrate scholarly resources, reflect academic expectations, and current APA standards, and adhere to University’s Academic Integrity Policy.
