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4 February, 07:28

During 2013, its first year of operations, Neko's Bakery had revenues of $60,000 and expenses of $33,000. The business paid dividends of $20,000. What is the amount of stockholders' equity at December 31, 2014?

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  1. 4 February, 10:15
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    Answer: the correct answer is $7,000

    Explanation:

    Revenues $60,000

    Expenses ($33, 000)

    Paid Dividens ($20,000)

    Equity $7,000 ($60,000-$33,000-$20,000)
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