At the End of 2017, Campbell Company Has Total Assets

question 68

Multiple Choice

At the end of 2017, Campbell Company has total assets and liabilities at $42,000 and $11,000, respectively. Campbell reported net income for 2018 in the amount of $12,000. How much is shareholders' equity at the end of 2018?

• A)$30,000
• B)$22,000
• C)$31,000
• D)$43,000

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