The total equity of Timberlake Company at the beginning of 2013 amounted to $5,500. During 2013 the
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The total equity of Timberlake Company at the beginning of 2013 amounted to $5,500. During 2013 the company reported net income of $1,800 and paid a $500 dividend. If retained earnings at the end of 2013 is $2,200, what was beginning common stock?
A. $3,300
B. $2,800
C. $1,300
D. $4,600
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078110894
6th Edition
Authors: Edmonds, Tsay, olds
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