Ashley’s Accessory Shop started the year with total assets of $140,000 and total liabilities of $80,000. During the year the business recorded $220,000 in revenues, $110,000 in expenses, and dividends of $40,000. Stockholders’ equity at the end of the year was

$70,000.

$120,000.

$110,000.

$130,000.

Answer rating: 100% (QA)

130000 Statement showing computations Particulars Total Assets Less Total Liabi... View the full answer