At the Beginning of the Year,the Total Stockholders' Equity of Alpha

True/False

At the beginning of the year,the total stockholders' equity of Alpha Technologies,Inc.was $80,000.The revenues and expenses were $70,000 and $40,000,respectively.The company did not declare dividends.No common stock was issued during the year.The total stockholders' equity at the end of the year will amount to $100,000.