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On January 1 of the current year, Jimmy's Sandwich Company reported total stockholders' equity of $130,000. During the current year, total revenues were $110,000 while
On January 1 of the current year, Jimmy's Sandwich Company reported total stockholders' equity of $130,000. During the current year, total revenues were $110,000 while total expenses were $99,500. Also, during the current year the company paid $34,000 in dividends. No other changes in equity occurred during the year. The change in total equity during the year was
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