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Slow, Inc, Reported the Following Asset and Liability Balances at the the Ends

Question 69

Multiple Choice

Slow, Inc., reported the following asset and liability balances at the ends of 20A and 20B: Slow, Inc., reported the following asset and liability balances at the ends of 20A and 20B: During 20B, cash dividends of $5,000 were declared and paid. Additional shares were issued for $15,000. What was the profit (or loss) for 20B? A) $45,000 B) $30,000 C) $35,000 D) $40,000 During 20B, cash dividends of $5,000 were declared and paid. Additional shares were issued for $15,000. What was the profit (or loss) for 20B?


A) $45,000
B) $30,000
C) $35,000
D) $40,000

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