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Ace Repair Shop started the year with total assets of $ 3 0 0 0 0 0 and total liabilities of $ 2 4 0

Ace Repair Shop started the year with total assets of $300000 and total liabilities of $240000. During the year the business recorded $630000 in revenues, $330000 in expenses, and dividends of $60000. Assuming that no common stock was sold during the year, stockholders' equity at the end of the year was
$360000.
$300000.
$240000.
$270000.
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