During 2015, Its First Year of Operations, Neko's Bakery Had

question 59

Multiple Choice

During 2015, its first year of operations, Neko's Bakery had revenues of $60,000 and expenses of $35,000. The business paid dividends of $20,000. What is the amount of stockholders' equity at December 31, 2015?

• A)$0
• B)$5,000 credit
• C)$25,000 credit
• D)$20,000 debit

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