Savvy Sightseeing had beginning equity of $72,000; revenues of $90,000, expenses of $65,000, and dividends to stockholders of $9,000; there were no stock issuances. Calculate the ending equity.
A. $38,000.
B. $47,000.
C. $88,000.
D. $97,000.
E. $25,000.
Answer: C
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