Multiple Choice
Fat Possum's Service Shop started the year with total assets of $330,000 and total liabilities of $240,000. During the year, the business recorded $630,000 in revenues, $420,000 in expenses, and paid dividends of $60,000. Stockholders' equity at the end of the year was
A) $90,000.
B) $240,000.
C) $300,000.
D) $360,000.
Correct Answer:
Verified
Correct Answer:
Verified
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