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A Certain Company Started Business on January 1,Year 1 with Assets

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Essay

A certain company started business on January 1,Year 1 with assets of $1,000,000 and shareholders' equity of $565,000.By the end of the year,assets increased by $100,000 and liabilities decreased by $150,000.Other than net income or loss,the only change in shareholders' equity was dividends of $50,000.
A) What was the amount total shareholders' equity at the end of the year?
B) What was the amount net income or net loss for the year?

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The strategies and mechanisms individuals use to manage and overcome stress, adversity, or trauma in their lives.

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