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Business, 14.04.2020 23:38 nkidane2802

Precision Camera Services started the year with total assets of $90,000 and total liabilities of $65,000. The revenues and the expenses for the year amounted to $100,000 and $70,000, respectively. During the year, the company did not issue any common stock, but it distributed dividends of $40,000. What is the amount of stockholders' equity at the end of the year? Select one: A. $40,000 B. $100,000 C. $15,000 D. $70,000

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Precision Camera Services started the year with total assets of $90,000 and total liabilities of $65...
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