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Accounting

Problem:

Stahl Consulting started the year with total assets of $20,000 and total liabilities of $5,000. During the year, the business recorded $16,000 in catering revenues and $10,000 in expenses. Stahl issued stock of $3,000 and paid dividends of $5,000 during the year.

Required:

Stockholders' equity changed by what amount from the beginning of the year to the end of the year?

Select one:

A. $3,000.

B. $1,000.

C. $15,000.

D. $4,000.

Note: Please show how you came up with the solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91163773

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