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A company began the year with the following known balances. Assets = $500; Liabilities = $400; Common Stock = $10 During the year, assets increased
A company began the year with the following known balances. Assets = $500; Liabilities = $400; Common Stock = $10 During the year, assets increased $60 and liabilities increased $20. No additional common stock was issued. Finally, the company earned $70 in revenue and had $20 in expenses during the year. Based on this information, what amount of dividends were paid to investors during the year?
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