Al’s Automotive started the year with total assets of $250,000 and total liabilities of $180,000. During the year, the business recognized $375,000 in revenues, $200,000 in expenses, and dividends of $35,000. Stockholders' equity at the end of the year was

$455,000.
$520,000.
$270,000.
$210,000.

Question

06-11-2021
Business

Answered

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Al’s Automotive started the year with total assets of $250,000 and total liabilities of $180,000. During the year, the business recognized $375,000 in revenues, $200,000 in expenses, and dividends of $35,000. Stockholders' equity at the end of the year was

$455,000.
$520,000.
$270,000.
$210,000.

Sagot :

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