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( 1 ) If the assets of a business are $ 4 0 0 , 0 0 0 and the liabilities are $ 1 5

(1) If the assets of a business are $400,000 and the liabilities are $150,000, how much is the equity?
(2) If the equity in a business is $100,000 and the liabilities are $190,000, how much are the assets?
(3) A company reported monthly revenues of $340,000 and monthly expenses of $75,000. What is the result of operations for the month?
(4) If the beginning balance of retained earnings is $170,000, revenue is $65,000, expenses total $20,000, and the company declares and pays a $10,000 dividend, what is the ending balance of retained earnings?
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