Multiple Choice
Team Shirts reported total shareholders' equity of $80,000 on its October 31 balance sheet.During November,the business earned $270,000,and declared and paid a cash dividend of $20,000.What was total shareholders' equity on November 30?
A) $80,000
B) $350,000
C) $250,000
D) $330,000
Correct Answer:
Verified
Correct Answer:
Verified
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