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At the end of a company's first year of operations assets total $95,000, liabilities total $40,000, common stock is $5,000, and revenues total $80,000. How

At the end of a company's first year of operations assets total $95,000, liabilities total $40,000, common stock is $5,000, and revenues total $80,000. How much were the company's expenses during the year?

A. $10,000

B. $20,000

C. $30,000

D. $40,000

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Question

At the end of a company's first year of operations assets total $95,000, liabilities total $40,000, common stock is $5,000, and revenues total $80,000. How

At the end of a company's first year of operations assets total $95,000, liabilities total $40,000, common stock is $5,000, and revenues total $80,000. How much were the company's expenses during the year? A. $10,000 B. $20,000 C. $30,000 D. $40,000

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At the end of a company's first year of operations assets total $95,000, liabilities total $40,000, common stock is $5,000, and revenues total $80,000. How much were the company's expenses during the year?

A. $10,000

B. $20,000

C. $30,000

D. $40,000