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At the beginning of the year, paid-in capital was $82 and retained earnings was $47. During the year, the owners invested $24 and dividends of $6 were declared and paid. Retained earnings at the end of the year were $52.

Total owners' equity at the end of the year was:

A. $82

B. $94

C. $106

D. $158

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M941409

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