Multiple Choice
At the end of 2009, Corey Company has total assets and liabilities at $40,000 and $13,000, respectively.Corey reported net income for 2010 in the amount of $10,000.How much is shareholders' equity at the end of 2010?
A) $20,000
B) $22,000
C) $31,000
D) $37,000
Correct Answer:
Verified
Correct Answer:
Verified
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