Black Keys Company began the year with stockholders' equity of $290,000. During the year, the company recorded revenues of $415,000 and expenses of $275,000, and paid dividends of $25,000. What was Black Keys' stockholders' equity at the end of the year?

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Chapter15: Financial Statement Analysis
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Black keys company began the year with stockholders equity this question solution

Black Keys Company began the year with
stockholders' equity of $290,000. During the year, the
company recorded revenues of $415,000 and
expenses of $275,000, and paid dividends of $25,000.
What was Black Keys' stockholders' equity at the end
of the year?
Transcribed Image Text:Black Keys Company began the year with stockholders' equity of $290,000. During the year, the company recorded revenues of $415,000 and expenses of $275,000, and paid dividends of $25,000. What was Black Keys' stockholders' equity at the end of the year?
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