Slow,Inc,Reported the Following Asset and Liability Balances at the Ends

question 29

Multiple Choice

Slow,Inc.,reported the following asset and liability balances at the ends of 20A and 20B: During 20B,cash dividends of $5,000 were declared and paid.Additional shares were issued for $15,000.What was the profit (or loss) for 20B?

• A)$30,000
• B)$35,000
• C)$40,000
• D)$45,000

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Recency Effect

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