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Ray Of Light [21]
3 years ago
9

During 2013, its first year of operations, Neko's Bakery had revenues of $60,000 and expenses of $33,000. The business paid divi

dends of $20,000. What is the amount of stockholders' equity at December 31, 2014?
Business
1 answer:
loris [4]3 years ago
4 0

Answer: the correct answer is $7,000

Explanation:

Revenues          $60,000

Expenses         ($33, 000)

Paid Dividens   ($20,000)

Equity                   $7,000   ($60,000-$33,000-$20,000)

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The correct option is (b)

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Managerial accounting focuses on data being relevant and not necessarily objective. Since, it caters to internal users, it is customized as per their requirement. Financial accounting, on the other hand needs to be highly objective as it caters to a wider audience who need transparent and reliable financial information.

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What financial behaviors will typically lead to a low credit score?
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The taxpayer’s marginal tax bracket is 25%. Which would the taxpayer prefer? a. $1.00 taxable income rather than $1.25 tax-exemp
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option (d) $1.40 taxable income rather than $1.00 tax-exempt income

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