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What are the liabilities at the end of year for new business

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Problem 1: A new business has the following financial information available at the end of the year: Revenues of $428,400, expenses of $314,200, and dividends of $9,000. In addition, at the start of the year, the owners contributed $550,000 to the business. By the end of the year the business had assets of $883,700. What are the liabilities at the end of the year for this new business

Reference no: EM132809843

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