Question: TWZ Ltd was set up in 2008 with contributed share capital of $100,000. In 2008 the business made a loss of $60,000. In 2009 the

TWZ Ltd was set up in 2008 with contributed share capital of $100,000. In 2008 the business made a loss of $60,000. In 2009 the business made a profit of $150,000. In 2009 the business paid a dividend of $20,000. The shareholders' equity of TWZ at the end of 2009 was:

a. $100,000

b. $250,000

c. $170,000

d. $190,000

e. $230,000

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