Question:On December 31 of Year 1, XYZ Company reported total shareholders' equity of $225,000, of which $180,000 represented contributed capital. If revenues, expenses, and dividends during Year 2 were $500,000, $420,000, and $30,000 respectively - and the total shareholders' equity is $290,000 on December 31 of Year 2 - how much additional capital was contributed by shareholders? 

A $15,000 
B $40,000 
C $65,000 
D $205,000 

+ Answer
A 

+ Explanation
Answer not sure

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Md. Habib Ullah

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