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Plumbers-on-the-Go Ltd. started the year with total assets of $120,000 and total liabilities of $75,000. During the year, the business recorded $82,000 in service revenues, $45,000 in expenses, and paid dividends of $2,500.
-Shareholders' equity at the end of the year was
Equal Status
The concept that individuals or groups are of the same standing or importance in social, legal, or ethical contexts.
Conformity
When people yield to real or imagined social pressure.
Social Pressure
A form of influence exerted by a group, leading individuals to change their attitudes, values, or behaviors to conform to group norms.
Group Size
refers to the number of individuals forming a social or work group and can impact the group's dynamics and effectiveness.
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