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This whole question . (20 points) Restaurant 219 started business with total assets of $450,000 and total liabilities of $250,000 During the year, the restaurant
This whole question . (20 points) Restaurant 219 started business with total assets of $450,000 and total liabilities of $250,000 During the year, the restaurant recorded $735,000 in revenues, $430,000 in costs and expenses, and dividends of $105,000. Answer the following questions a.Stockholders' Equity at the beginning of the year? b.The profit for the year? 1: Accounting Review 9/23/18, 1:04 PM c.Stockholders' Equity at the end of the year? (assuming no tax)
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