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Business, 02.01.2020 22:31 lakaralake11

York casting services started the year with total assets of $110,000 and total liabilities of $50,000. the revenues and the expenses for the year amounted to $140,000 and $50,000, respectively. during the year, the company did not issue any common stock, but it distributed dividends of $70,000. calculate the amount of increase or decrease in stockholders' equity for the year.

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York casting services started the year with total assets of $110,000 and total liabilities of $50,00...
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