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Business, 25.01.2021 20:20 kevinh2683

The following information relates to Smoothie Incorporated. Beginning assets = 200,000 Beginning liabilities = 124,000 Beginning equity = 76,000 Sales during the year = 617,000 Expenses (including taxes) during the year = 561,000 Dividends during the year = 14,000 Proceeds from the issuance of stock = 35,000 Ending assets = 285,000 Using the accounting equation, what is the ending balance of equity?

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