A company reported total equity of $145,000 at the beginning of the year. The company reported $210,000 in revenues and $165,000 in expenses for the year. There were no stockholder investments or dividends during the year. Liabilities at the end of the year totaled $92,000. What are the total assets of the company at the end of the year?
A. $92,000.
B. $45,000.
C. $282,000.
D. $210,000.
E. $98,000.
Answer: C
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