Investing in precious metals and collectibles

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1. Describe the advantages and disadvantages of investing in precious metals and collectibles. What are some reasons precious metals have done well in the past year or so?

2. At the beginning of the year, paid-in capital was $ 62 and retained earnings was $ 37. During the year, the owners invested $ 12 and dividends of $ 3 were declared and paid. Retained earnings at the end of the year were $ 42. Total owners' equity at the end of the year was:

Reference no: EM131927894

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