7. During the year, EcoWash has $120,000 in revenues, $50,000 in expenses, and $4,000 in dividend payments.
Question:
7. During the year, EcoWash has $120,000 in revenues, $50,000 in expenses, and $4,000 in dividend payments. Shareholders’ equity changed by:
a. +$66,000
b. +$70,000
d. +$74,000
c. −$66,000
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Related Book For 
Financial Accounting International Financial Reporting Standards Global Edition
ISBN: 9781292211145
11th Edition
Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison
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