Ashley's Accessory Shop Started the Year with Total Assets of $210,000

question 24

Multiple Choice

Ashley's Accessory Shop started the year with total assets of $210,000 and total liabilities of $120,000. During the year the business recorded $330,000 in revenues, $165,000 in expenses, and dividends of $60,000. Stockholders' equity at the end of the year was

• A)$180,000.
• B)$165,000.
• C)$195,000.
• D)$105,000.

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