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What is amount of stockholders equity at the end of year

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Problem - Precision Camera Services started the year with total assets of $90,000 and total liabilities of $50,000. The revenues and the expenses for the year amounted to $110,000 and $80,000, respectively. During the year, the company did not issue any common stock, but it distributed dividends of $55,000. What is the amount of stockholders' equity at the end of the year?

Reference no: EM132898287

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