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Question 5 (1 point) Jimmy's Repair Shop started the year with total assets of $300,000 and total liabilities of $240,000. During the year, the business

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Question 5 (1 point) Jimmy's Repair Shop started the year with total assets of $300,000 and total liabilities of $240,000. During the year, the business recorded $630,000 in revenues, $330,000 in expenses, and dividends of $60,000. The net income reported by Jimmy's Repair Shop for the year was $240,000 $300,000. $180,000. $570,000

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