What was Maria Garcia's equity at the end of 2020?

To determine Maria Garcia's equity at the end of 2020, we need to consider the components of equity, which typically include the total assets owned by a person minus the total liabilities owed. Equity reflects the owner's interest in the assets after settling debts.

The choice indicating $539,000 as Maria's equity suggests that this amount accurately accounts for her total assets at the end of 2020, less any liabilities she may have had at that time. This figure may have been derived from various financial records, including balances from the balance sheet, investment growth, and any additional contributions made to her equity during the year.

Additionally, the context surrounding this choice involves evaluating the relationship between assets and liabilities to ensure that all calculations align with generally accepted accounting principles. Given Maria's specific financial situation, $539,000 provides a reasonable representation of her equity after taking into account all necessary financial adjustments for that period.

Understanding how equity is calculated and what factors influence it is essential for accurate bookkeeping and financial reporting.