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Plumbers-on-the-Go Ltd. started the year with total assets of $120,000 and total liabilities of $75,000. During the year, the
BE1-10 Go Ahead Limited began the year with common shares of $100,000 and retained earnings of $350,000. During the year, it
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Answer to plumbers-on-the-no Ltd Asset Shave holdesig equity + Liabilities Shane holdens equity Assets - Liabilines 75000 12Answer to BE 1-10 [no-Ahead Limited) 9) 0 Common shares 100 000 Common shares at the begining & 25000 Add Additional Shares ib) If company neumos loss, the company may not declare dividenot. It is assumed theet cluidonel of $ 5ooo is out of the profi

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