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Question
At the beginning of the year, AAA-1 Towing owns trucks and buildings for a total value of $1 million. During the year, it invests $250,000 to replace towing trucks worth $230,000 destroyed in a flood and to cover $50,000 worth of depreciation. AAA-1 Towing's capital stock at the end of the year wasA) $970,000.
B) $1,250,000.
C) $950,000.
D) $1,280,000.
E) $1,020,000.
Answer
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