Multiple Choice
A company reported total equity of $145,000 on its December 31,2013,balance sheet.The following information is available for the year ended December 31,2014:
2014 revenues……………..$210,000
2014 expenses……………….165,000
Liabilities,at December 31,2014….92,000
What are the total assets of the company at December 31,2014?
A) $45,000
B) $92,000
C) $190,000
D) $210,000
E) $282,000
Correct Answer:
Verified
Correct Answer:
Verified
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