Mazaya Company started the year with total assets of RO.360,000 and total liabilities of R.O.240,000. During the year, the business recorded R.O.6o0,000 in computer repair revenues, R.O.320,000 in expenses, and the company paid dividends of R.O.60,000. Total equity changed by what amount from the beginning of the year to the end of the year?

Mazaya Company started the year with total assets of RO.360,000 and total liabilities of R.O.240,000. During the year, the business recorded R.O.6o0,000 in computer repair revenues, R.O.320,000 in expenses, and the company paid dividends of R.O.60,000. Total equity changed by what amount from the beginning of the year to the end of the year?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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