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A for-profit nursing home has beginning-of-period equity of $40,000. Net income for the period totals $75,000 and dividends declared during the period total $15,000. The
A for-profit nursing home has beginning-of-period equity of $40,000. Net income for the period totals $75,000 and dividends declared during the period total $15,000. The balance sheet total for equity at end-of-period will be what amount? Choose one answer. A. $100,000 B. $ 90,000 C. $ 75,000 D. $130,000 E. none of the above
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