Question

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?

Answer 1

Answer: the correct answer is $7,000

Step-by-step explanation:

Revenues $60,000

Expenses ($33, 000)

Paid Dividens ($20,000)

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