Solved: Fuentes corporation reported net income of 152000 declared, Accounting Basics

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Fuentes corporation reported net income of 152000 declared

1. Fuentes Corporation reported net income of $152,000, declared dividends on common stock of $50,000, and had an ending balance in retained earnings of $360,000. Stockholders' equity was $700,000 at the beginning of the year and $820,000 at the end of the year. Compute the return on common stockholders' equity.

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Accounting Basics: Fuentes corporation reported net income of 152000 declared

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