Question: possible Precision Camera Services started the year with total assets of $100,000 and total liabilities of $55,000. The revenues and the expenses for the

and total liabilities of $55,000. The revenues and the expenses for the

year amounted to $140,000 and $70,000, respectively. During the year, the company

did not issue any common stock, but it distributed dividends of $60,000.

possible Precision Camera Services started the year with total assets of $100,000 and total liabilities of $55,000. The revenues and the expenses for the year amounted to $140,000 and $70,000, respectively. During the year, the company did not issue any common stock, but it distributed dividends of $60,000. What is the amount of stockholders' equity at the end of the year? OA. $60,000 OB. $70,000 C. $55,000 OD. $140,000

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