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Colorado Company Has Beginning Equity of $900,000, Net Income of $150,000

Question 17

Multiple Choice

Colorado Company has beginning equity of $900,000, net income of $150,000, dividends of $90,000 and investments by owners in exchange for stock of $30,000. Its ending equity is:


A) $669,000
B) $720,000
C) $804,000
D) $990,000

Correct Answer:

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