Precision camera services started the year with total assets of $90,000 and total liabilities of $65,000. the revenues and the expenses for the year amounted to $100,000 and $70,000, respectively. during the year, the company did not issue any common stock, but it distributed dividends of $40,000. what is the amount of stockholders' equity at the end of the year?

Calculation of the amount of stockholders’ equity at the end of the year;

First, we need to calculate the amount of stockholders’ equity at the beginning of the year with the help of the accounting equation as follows:

Beginning Equity = Beginning Assets – Beginning Liabilities

Beginning Equity  = 90,000-65,000 = $25,000

Now we can calculate the ending equity using the following formula;

Ending Equity = Beginning Equity +Revenues – Expenses – Dividends

Ending Equity =25000+100000-70000-40000 = $15,000

Hence, the amount of stockholders’ equity at the end of the year is $15,000

happiness is the correct luck

explanation:

the assumption the narrator makes in this excerpt is that the messages he heards were going to hurt the narrator's mom; the narrator just springs in to action. the narrator doesn't specify in this excerpt why he believes that the messages present a problem that requires protection.