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Novak Corp. started the year with total assets of $308000 and total liabilities of $248000. During the year the business recorded $635000 in revenues,
Novak Corp. started the year with total assets of $308000 and total liabilities of $248000. During the year the business recorded $635000 in revenues, $329000 in expenses, and dividends of $59000. Stockholders' equity at the end of the year was O $248000. O $366000 $307000. $277000.
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