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An analyst has compiled the following information regarding Omega, Inc. Liabilities at year-end $2,000 Contributed capital at year-end $1,000 Beginning retained earnings $ 500 Revenue
An analyst has compiled the following information regarding Omega, Inc.
Liabilities at year-end $2,000
Contributed capital at year-end $1,000
Beginning retained earnings $ 500
Revenue during the year $3,800
Expenses during the year $3,000
There have been no distributions to owners. The analysts estimate of total assets at year-end should be closest to:
A. $2,000.
B. $2,300.
C. $4,300.
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