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Determine the total liabilities at the end of the year

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Question - Daye's Burgers began the year with total assets of $420,000 and shareholders' equity of $82,500. During the year, the company earned $100,000 in net income and paid $35,000 in dividends. Total assets at the end of the year were $217,500. Determine the Total liabilities at the end of the year?

Reference no: EM133104738

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