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Metzger Company Compiled

question 186

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Use the following information for questions
Metzger Company compiled the following financial information as of December 31, 2011:  Revenues 140,000 Retained earnings (1/1/11) 70,000 Equipment 40,000 Expenses 125,000 Cash 35,000 Dividends 10,000 Supplies 5,000 Accounts payable 20,000 Accounts receivable 15,000 Share capital ordinary 25,000\begin{array} { l r } \text { Revenues } & € 140,000 \\\text { Retained earnings } ( 1 / 1 / 11 ) & 70,000 \\\text { Equipment } & 40,000 \\\text { Expenses } & 125,000 \\\text { Cash } & 35,000 \\\text { Dividends } & 10,000 \\\text { Supplies } & 5,000 \\\text { Accounts payable } & 20,000 \\\text { Accounts receivable } & 15,000 \\\text { Share capital ordinary } & 25,000\end{array}
-Metzger's equity on December 31, 2011 is


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