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Mankin Corporation started the year with total assets of $60,000, total liabilities of $40,000, and...

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Accounting

Mankin Corporation started the year with total assets of $60,000, total liabilities of $40,000, and retained earnings of $18,000. During the year, the business recorded $100,000 in revenues, $70,000 in expenses, and the company paid dividends of $15,000. Mankins balance of stockholders equity at the start of the year was

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