Vista Camera Services started the year with total assets expenses for the year of $120,000 and total liabilities of $60,000. The revenues and the amounted to $140,000 and $70,000, respectively. During the year, the company did not issue any common stock, but it distributed dividends of $55,000. What is the amount of stadtholders' equity at the end of the year? A. $75,000. B. $140,000. C. $70,000. D. $55,000.

Vista Camera Services started the year with total assets expenses for the year of $120,000 and total liabilities of $60,000. The revenues and the amounted to $140,000 and $70,000, respectively. During the year, the company did not issue any common stock, but it distributed dividends of $55,000. What is the amount of stadtholders' equity at the end of the year? A. $75,000. B. $140,000. C. $70,000. D. $55,000.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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