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What are the total expenses for the year

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Question - Company X began operations on January 1, Year 1, with an initial investment of $100,000 from each of its five shareholders.

During the year, the company had net income of $200,000 and declared and paid dividends of $50,000.

The company's revenues were $500,000 for the year ended December 31.

What are the total expenses for the year?

Reference no: EM132436624

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