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Economics - Financial Markets
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OpenStudy (anonymous):
Centro-matic Company began the year with stockholders' equity of $15,000. During the year, Centro-matic issued additional shares of stock in exchange for cash of $21,000, recorded expenses of $60,000, and paid dividends of $4,000. If Centro-matic’s ending stockholders' equity was $56,000, what was the company’s revenue for the year?
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