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Ending liabilities are 68,500, beginning equity was $89,900, common stock issued during year totaled $32,500, expenses for the year were $23,500, dividends declared totaled $14,500,
Ending liabilities are 68,500, beginning equity was $89,900, common stock issued during year totaled $32,500, expenses for the year were $23,500, dividends declared totaled $14,500, ending equity for the year is $184,750, and beginning assets for the year were $225,000. What are the ending assets for the year Beta Corporation purchased $160,000 worth of land by paying 16,000 cash and signing a $144,000 mortgage. Immediately prior to this transaction the corporation had assets, liabilities, and owners' equity in the amounts of $156,000, $33,000, and $123,000 respectively. What is the total amount of Beta Corporation's assets after this transaction has been recorded? Multiple Choice $316,000 $332,000 $300,000
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