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What was the change in assets for the year

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Question - During the year, a firm reported an increase in liabilities of $52,500. For the year, revenues were $196,700, expenses were $131,800, and dividends were $73,000. During the year, $17,000 in common stock was issued. No other equity transactions occurred. What was the change in assets for the year?

a. $43,600

b. $77,600

c. $84,600

d. $61,400

e. $66,800

Reference no: EM132526943

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