Multiple Choice
During 2011, its first year of operations, Yaspo's Bakery had revenues of $80,000 and expenses of $44,000.The business paid dividends of $24,000.What is the amount of equity at December 31, 2011?
A) $0
B) $24,000 debit
C) $12,000 credit
D) $36,000 credit
Correct Answer:
Verified
Correct Answer:
Verified
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