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Chopper Corporation reported the following information at the end of its first year of operations: Common stock: $80,000 Sales revenue: $420,000 Total assets: $340,000 Total
Chopper Corporation reported the following information at the end of its first year of operations:
Common stock: | $80,000 |
Sales revenue: | $420,000 |
Total assets: | $340,000 |
Total liabilities: | $140,000 |
Dividends: | $60,000 |
What must have been the expenses for the year?
Select one:
A. $300,000
B. $240,000
C. $260,000
D. $ 34,000
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