Multiple Choice
Use the following information for questions
Kareem's Rental Ltd.started the year with total assets of $70,000 and total liabilities of $40,000.During the year, the business recorded $100,000 in car repair revenues, $65,000 in expenses, and paid dividends of $5,000.
-Shareholders' equity at the end of the year was
A) $60,000.
B) $65,000.
C) $70,000.
D) $75,000.
Correct Answer:
Verified
Correct Answer:
Verified
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