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Moran Steel started the year with total assets of $210,000 and total liabilities of $95,000. During the year the business recorded $200,000 in revenues, $110,000
Moran Steel started the year with total assets of $210,000 and total liabilities of $95,000. During the year the business recorded $200,000 in revenues, $110,000 in expenses, and dividends of $45,000. Stockholders' equity at the end of the year was
A :
$250,000
B :
$160,000
C :
$175,000
D :
$119,000
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