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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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aev [14]

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5 0
3 years ago
A sporting equipment store expects to purchase $7,800 of ski boots in October. The store had $3,800 of ski boots in merchandise
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