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Net income for the period totals 75000 and dividends

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A for-profit nursing home has beginning-of-period equity of $40,000. Net income for the period totals $75,000 and dividends declared during the period total $15,000. The balance sheet total for equity at end-of-period will be what amount?

Choose one answer.

A. $100,000
B. $ 90,000
C. $ 75,000
D. $130,000

Reference no: EM13485854

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