Benito Company began the year with equity of $350,000.During the year, the company recorded revenues of $500,000, expenses of $380,000, and paid dividends of $40,000.What was Benito's equity at the end of the year?

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The Answer of Benito Company began the year with equity of $350,000.During the year, the company recorded revenues of $500,000, expenses of $380,000, and paid dividends of $40,000.What was Benito's equity at the end of the year?

Benito Company Began the Year with Equity of $350,000