Savvy Sightseeing Had Beginning Equity of $72,000; Revenues of $90,000

question 130

Multiple Choice

Savvy Sightseeing had beginning equity of $72,000; revenues of $90,000, expenses of $65,000, and dividends to stockholders of $9,000. Calculate the ending equity.

• A)$88,000.
• B)$25,000.
• C)$97,000.
• D)$38,000.
• E)$47,000.

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Definitions:

Peripheral Nervous System

A part of the nervous system outside the brain and spinal cord that connects the CNS to limbs and organs, essentially serving as a relay between the brain and spinal cord and the rest of the body.

Sense Organs

Specialized structures in the body that respond to external stimuli and send signals to the brain, including eyes, ears, nose, tongue, and skin.

Spinal Cord

A major part of the central nervous system, the spinal cord is a long, thin, tubular structure made up of nervous tissue that extends from the medulla oblongata in the brainstem to the lumbar region of the vertebral column.

Hallucinogen

Hallucinogen is a substance that induces alterations in perception, thinking, and emotions, leading to experiences that differ from objective reality.