During 2018, Its First Year of Operations, Neko's Bakery Had

question 33

Multiple Choice

During 2018, 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, 2018?

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