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Calculate the expenses of murray sporting goods

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Question - Murray Sporting Goods began business on January 1, 2007, with capital stock of $15,000. At December 31, 2007, assets amounted to $25,000 and liabilities were $6,000. Revenue from services during the year amounted to $30,000 and dividends were $8,000. The expenses of Murray Sporting Goods for 2007 amounted to:

A. $10,000

B. $18,000

C. $26,000

D. $19,000

E. Some other amount.

Reference no: EM132224861

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