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What the shareholders equity at the end of the year

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Question - Parry's Accounting LLC began the year with total assets of $120,000 and shareholders' equity of $40,000. During the year, the company earned $90,000 in net income and paid $20,000 in dividends. Total assets at the end of the year were $215,000. What the shareholders equity at the end of the year?

Reference no: EM133104737

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