Solution-What the company assets totaled

What the company assets totaled

Reference no: EM13509219

During its first year of operations, Maria Rose set up Roseland Inc. and invested $25,000 in the corporation. The company earned $68,000 of revenues and incurred $32,000 of expenses. At the end of the year, the company owed $24,000 to its creditors. A cash dividend of $5,000 was paid to Maria. At the end of the year, the company's assets totaled:

$20,000 $36,000 $80,000 $154,000

Reference no: EM13509219

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What the company assets totaled : During its first year of operations, Maria Rose set up Roseland Inc. and invested $25,000 in the corporation. The company earned $68,000 of revenues and incurred $32,000 of expenses.

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What the company assets totaled

Reference no: EM13509219

Reference no: EM13509219

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