Use the Following Information for Questions

question 80

Multiple Choice

Use the following information for questions
Kareem's Rental Ltd.started the year with total assets of $70,000 and total liabilities of $40,000.During the year, the business recorded $100,000 in car repair revenues, $65,000 in expenses, and paid dividends of $5,000.
-Shareholders' equity at the end of the year was

• A)$60,000.
• B)$65,000.
• C)$70,000.
• D)$75,000.

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