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Precision Camera Services started the year with total assets of $130,000 and total liabilities of $60,000 The revenues and the expenses for the year amounted
Precision Camera Services started the year with total assets of $130,000 and total liabilities of $60,000 The revenues and the expenses for the year amounted to $150,000 and $90,000, respectively Duning the year, the comparny did not issue any common stock, but it distributed dividends of $70,000 What is the amount of stockholders equity at the end of the year? Precision Camera Services started the year with total assets of $130,000 A. $150,000 B. $60,000 C. $70,000 D. $90,000
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