On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $19,300; Accounts Receivable, $7200; Supplies, $600; Equipment, $11,950; Accounts Payable, $9250. What is the amount of stockholders' equity as of May 31 of the current year?
A. $13,050.
B. $48,300.
C. $19,300.
D. $39,050.
E. $29,800.
Answer: E
Business
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