Use the following information for questions
Carla's Computer Repair Shop started the year with total assets of $360,000 and total liabilities of $240,000.During the year, the business recorded $600,000 in computer repair revenues, $340,000 in expenses, and the company paid dividends of $60,000.
-Total equity changed by what amount from the beginning of the year to the end of the year?
A) $60,000.
B) $260,000.
C) $120,000.
D) $200,000.
Correct Answer:
Verified
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B)
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A) dividends.
B) revenues.
C) expenses.
D)
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Carla's
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