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Stockholders equity totaled 89000 at the beginning of the

Problem - Understanding financial statement relationships

Stockholders' equity totaled $89,000 at the beginning of the year. During the year, net income was $19,000, dividends of $6,500 were declared and paid, and $17,000 of common stock was issued at par value.

Required: Calculate total stockholders' equity at the end of the year.

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Accounting Basics: Stockholders equity totaled 89000 at the beginning of the

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Accounting Basics: Stockholders equity totaled 89000 at the beginning of the

Reference No:- TGS02869462

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