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Fran Company Has Beginning Equity of $300,000, Net Income of $50,000

Question 62

Multiple Choice

Fran Company has beginning equity of $300,000, net income of $50,000, dividends of $30,000 and investments by owners in exchange for stock of $10,000. Its ending equity is:


A) $223,000
B) $240,000
C) $268,000
D) $330,000

Correct Answer:

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