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On January 1 of the current year, Jimmy's Sandwich Company reported total stockholders' equity of $127,500. During the current year, total revenues were $105,000 while
On January 1 of the current year, Jimmy's Sandwich Company reported total stockholders' equity of $127,500. During the current year, total revenues were $105,000 while total expenses were $94,500. Also, during the current year the company paid $29,000 in dividends. No other changes in equity occurred during the year. The change in total equity during the year was: Multiple Choice A decrease of $18.500. An increase of $18,500. An increase of $39,500. A decrease of $39.500. An increase of $77,500
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