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Doc's Ribhouse Had Beginning Equity of $52,000; Net Income of $35,000

Question 115

Multiple Choice

Doc's Ribhouse had beginning equity of $52,000; net income of $35,000, and Dividends by the company of $12,000. Calculate the ending equity.

A) $(5,000) .
B) $29,000.
C) $5,000.
D) $99,000.
E) $75,000.

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