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A company started the year with total assets of $20,000 and total liabilities of $5,000. During the year, the company recorded $16,000 in marketing revenues

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A company started the year with total assets of $20,000 and total liabilities of $5,000. During the year, the company recorded $16,000 in marketing revenues and $10,000 in expenses. The company issued common stock of $3,000 and paid dividends of $5,000 during the year. The company's owners' equity changed by what amount from the beginning of the year to the end of the year None of these are correct $3,000 $15,000 $1,000 $4,000

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