Multiple Choice
During 2014, its first year of operations, Yaspo's Bakery had revenues of $100,000 and expenses of $55,000. The business paid dividends of $30,000. What is the amount of equity at December 31, 2014?
A) $0
B) $30,000 debit
C) $15,000 credit
D) $45,000 credit
Correct Answer:
Verified
Correct Answer:
Verified
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