ABC Company has share capital ordinary with a credit balance $30,000 and retained earnings with a credit balance of $17,000 before closing entries are made.  If total revenues for the period are $15,200, total expenses are $19,800, and dividends are $3,000. What is the total equity section after all closing entries are made?   $39,400   $42,400.   $37,000.   $9,400.

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.