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At the beginning of 2020, Tucker Corporation had assets of $350,000 and liabilities of $175,000....

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Accounting

At the beginning of 2020, Tucker Corporation had assets of $350,000 and liabilities of $175,000. At the end of 2020, Tucker had assets of $450,000 and liabilities of $70,000. Its shareholders equity consisted of common shares and retained earnings.

Required:

  1. Compute the change in Tuckers shareholders equity during 2020.

Change in Tuckers shareholders equity during 2020_:

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