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The following amounts were taken from the accounting records of Red Alert Security on December 31. Shareholders' equity, beginning Dividends declared Profit Retained earnings, ending
The following amounts were taken from the accounting records of Red Alert Security on December 31. Shareholders' equity, beginning Dividends declared Profit Retained earnings, ending 3,592,000 150,000 200,000 893,000 If their return on shareholders' equity for the year was 5.0%, what was the amount of shareholders' equity at the end of the year? $4,219,000 $4,608,000 $4,485,000 O $4,408,000
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