A Company Reported Total Equity of $145,000 at the Beginning

question 47

Multiple Choice

A company reported total equity of $145,000 at the beginning of the year. The company reported $210,000 in revenues and $165,000 in expenses for the year. Liabilities at the end of the year totaled $92,000. What are the total assets of the company at the end of the year?

• A) $45,000.
• B) $92,000.
• C) $98,000.
• D) $210,000.
• E) $282,000.

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