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A company recorded 330,000 in revenues and 247,500 in expenses, and 45,000 of dividends for the year. The company began the year with total assets
A company recorded 330,000 in revenues and 247,500 in expenses, and 45,000 of dividends for the year. The company began the year with total assets of 285,000 and stockholders equity of 130,500. Suppose the liabilities increased by 50,000. What is the ending balance of total assets for the year
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