During its first year of operations, Maria Rose set up Roseland Inc. and invested $25,000 in the corporation. The company earned $68,000 of revenues and incurred $32,000 of expenses. At the end of the year, the company owed $24,000 to its creditors. A cash dividend of $5,000 was paid to Maria. At the end of the year, the company's assets totaled:

80,000

To calculate the total assets of Roseland Inc. at the end of the year, we need to consider the initial investment, revenues, expenses, liabilities, and dividends.

1. Start with the initial investment:
- Maria Rose invested $25,000 in the company.

2. Add the revenues:
- Roseland Inc. earned $68,000 in revenues.

3. Subtract the expenses:
- The company incurred $32,000 in expenses.

4. Subtract the payment of dividends:
- A cash dividend of $5,000 was paid to Maria.

5. Subtract the amount owed to creditors (liabilities):
- The company owed $24,000 to its creditors.

To calculate the total assets, we can use the following formula:
Total Assets = Initial Investment + Revenues - Expenses - Dividends - Liabilities

Putting the values into the equation:
Total Assets = $25,000 + $68,000 - $32,000 - $5,000 - $24,000

Calculating the total assets:
Total Assets = $32,000

Therefore, at the end of the year, the company's assets totaled $32,000.

To find the total assets of the company at the end of the year, we need to consider the initial investment, revenues, expenses, liabilities, and dividends.

Let's break down the information provided:

1. Initial Investment: Maria invested $25,000 in the corporation.

2. Revenues: The company earned $68,000 in revenues.

3. Expenses: The company incurred $32,000 in expenses.

4. Liabilities: The company owed $24,000 to its creditors.

5. Dividends: A cash dividend of $5,000 was paid to Maria.

To find the total assets, we'll use the basic accounting equation:

Assets = Liabilities + Equity

Equity is calculated by subtracting expenses and dividends from revenues:

Equity = Revenues - Expenses - Dividends

First, let's calculate the equity:

Equity = $68,000 - $32,000 - $5,000
Equity = $31,000

Next, let's calculate the total assets:

Total Assets = Liabilities + Equity
Total Assets = $24,000 + $31,000
Total Assets = $55,000

Therefore, the company's assets totaled $55,000 at the end of the year.

5000