QUESTIONS 45 THROUGH 68 RELATE TO FINANCIAL STATEMENT ANALYSIS

47. At the beginning of the year, a company had total shareholders’ equity consisting of ¥200,000 in common share capital and ¥50,000 in retained earnings. During the year, the following events occurred: ¥Net income reported 42,000Dividends paid 7,000Unrealized loss on available-for-sale investments 3,000Repurchase of company stock, to be held as Treasury stock 6,000The total shareholders’ equity at the end of the year is closest to: A. ¥276,000. B. ¥279,000. C. ¥282,000.